Henan Province-based Chinese steelmaker Anyang Iron and Steel Co., Ltd. (Anyang Steel) has announced that it registered an operating revenue of RMB 8.459 billion ($1.3 billion) in the first quarter of the current year, down 19.32 percent year on year, while it posted a net loss of RMB 543 million ($83 million), shifting from a net profit of RMB 210 million in the same period last year.
The company said the spread of the Covid-19 pandemic in the first quarter exerted a negative impact on its performance in the given period.
$1 = RMB 6.559