Xinjiang Autonomous Region-based Chinese steelmaker Bayi Iron and Steel Co., Ltd. (Bayi Steel) has issued its financial report for the first six months this year, stating that its operating revenue amounted to RMB 11.183 billion ($1.56 billion) in the given period, down 14.43 percent year on year, while its net loss came to RMB 771 million ($107.3 million), increasing compared to the same period last year.
$1 = RMB 7.1851