Guangxi Zhuang Autonomous Region-based Chinese steelmaker Liuzhou Iron and Steel Co. (Liuzhou Steel) has announced that in the first quarter of the current year it registered an operating revenue of RMB 6.588 billion ($1.06 billion), down 29.01 percent year on year, while it posted a net loss of RMB 347 million ($55.97 million), compared to a net profit of RMB 118 million in the first quarter of 2014.
In the first quarter this year, Liuzhou Steel's pig iron, crude steel and finished steel outputs amounted to 2.6395 million mt, 2.7218 million mt and 1.3609 million mt, up 1.52 percent, 0.92 percent and 14.01 percent year on year, respectively.