On August 10, Guangxi Zhuang Autonomous Region-based Chinese steelmaker Liuzhou Iron and Steel Co. (Liuzhou Steel) announced that in the first half of the current year it registered an operating revenue of RMB 13.249 billion ($2.14 billion), down 28.26 percent year on year, while it posted a net loss of RMB 632 million ($101.94 million), compared to a net profit of RMB 200 million in the first half of 2014.
In the first half of this year, Liuzhou Steel’s pig iron, crude steel and finished steel outputs amounted to 5.1196 million mt, 5.2919 million mt and 2.6425 million mt, down 2.33 percent, declining by 3.19 percent and rising by 3.25 percent year on year, respectively.