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This study tried to evaluate the operating performance of the 4 selected EAF public steel companies in Taiwan by using the common used financial ratios, EVA and DEA to analyze the public financial information of Balance Sheet, Income Statement, Statement of Cash Flow from year 2008~2013, then compared the results of different analysis methods. And finally, tried to discuss and find the key factors which influenced the different results in operating performance. The conclusions of this study are: 1.The evaluation of performance for the four selected companies by the three different approach methods came to the same result. 2.The key factors which influenced the performance of steel companies are the operating efficiency, scale efficiency, operating cost and product mix. 3.B company is the benchmark of the four companies according to the evaluation. It is good at the efficiency of inputed human resource and other resources, cost, technology and product mix with high value-added products. 4.Although the gross profit of rebar is quite low, the profitability of EAF rebar companies is still better than the average level of whole steel industry due to the advantage of integration of up and down streams.
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