Xinjiang Autonomous Region-based Chinese steelmaker Bayi Iron and Steel Co., Ltd. (Bayi Steel) has issued its financial report for the first nine months this year.
The company stated that its operating revenue amounted to RMB 17.78 billion ($2.5 billion) in the given period, down 9.68 percent year on year, while it recorded a net loss of RMB 739 million ($103 million), with the net loss increasing compared to the same period last year.
$1 = RMB 7.1797