China Steel Corp. (2002.TW), Taiwan's biggest steelmaker by revenue, said Wednesday that its production hasn't been disrupted amid heavy rainfall unleashed by Typhoon Talim in the southern part of the island.
"Everything remains on schedule...our production hasn't been interrupted by typhoons over the past three decades," China Steel Executive Vice President Steve Lee told Dow Jones Newswires.
All of China Steel's operations are in Kaohsiung county, in southern Taiwan.
According to Taiwan's Central Weather Bureau, Typhoon Talim is moving northeast at 42 kilometers per hour. It brought heavy rain to southern and central Taiwan early Wednesday and will likely hit the capital, Taipei, later in the day, the weather bureau said.
Talim, which formed in the South China Sea off China's Hainan island, strengthened into a tropical storm Monday. It brought torrential rain to coastal areas of Vietnam and Hong Kong as it moved across the northern part of the South China Sea before reaching Taiwan.
Source: China Steel Corp.