Chinese steelmaker Shandong Iron and Steel (Shandong Steel) has announced that in the first quarter of the current year it recorded a total net loss of RMB 398 million ($63.17 million), with earnings per share of minus RMB 0.0619 ($0.0098).
The total assets of Shandong Steel as of the end of the given quarter amounted to a value of RMB 59.82 billion ($9.5 billion).