Anyang Steel posts net loss of RMB 2.551 billion for 2015

Henan Province-based Chinese steelmaker Anyang Iron and Steel Co. (Anyang Steel) has announced in its annual report that in 2015 it registered an operating revenue of RMB 20.363 billion ($3.13 billion), down 24.16 percent year on year, with a net loss of RMB 2.551 billion ($0.39 billion) compared to a net profit of RMB 28.53 million in 2014. 

 

Anyang Steel stated that slowing economic growth in China and the continuous declining trend of finished steel prices against the background of the overall sluggishness in China’s domestic steel industry resulted in its net loss for the given year.