Xining Special Steel posts net loss of RMB 1.619 billion for 2015

Friday, 06 May 2016 10:04:50 (GMT+3)   |   Shanghai
       

Qinghai Province-based Chinese steelmaker Xining Special Steel Co. has announced in its annual report for 2015 that it achieved an operating revenue of RMB 6.053 billion ($0.93 billion), down 17.24 percent year on year, with a net loss of RMB 1.619 billion ($0.25 billion) compared to a net profit of RMB 41.581 million ($6.40 million) in 2014. 
 
In 2015, Xining Special Steel produced 1.1329 million mt of pig iron, 1.2055 million mt of crude steel and 1.0944 million mt of finished steel, indicating respective decreases of 20.11 percent, 16.45 percent and 15.32 percent year on year. 

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