Sangang Minguang sees lower operating revenue in Jan-Sept

Fujian Province-based Chinese steelmaker Sangang Minguang Co. Ltd has announced a net loss of RMB 18.9484 million ($3.09 million) for the January-September period of the current year, compared to a net loss of RMB 13.4277 million in the same period of 2013. Meanwhile, in the first nine months this year the company achieved an operating revenue of RMB 13.317 billion ($2.17 billion), down 4.84 percent year on year.