Liaoning Province-based Chinese steel producer Lingyuan Iron & Steel Co., Ltd (Lingyuan Steel) has announced that it has registered an operating revenue of RMB 6.104 billion ($0.91 billion) for the first half of the current year, down 1.31 percent year on year, with a net loss of RMB 79.7315 million ($11.84 million) compared to a net loss of RMB 142 million recorded in the same period of 2015.
In the given period, Lingyuan Steel produced 1.2799 million mt of pig iron, 1.4092 million mt of crude steel and 1.582 million mt of finished steel, indicating respective year-on-year decreases of 32.22 percent, 25.79 percent and 17.67 percent.