Chongqing Steel posts net loss of RMB 4.686 billion for 2016

Chongqing-based Chinese steel producer Chongqing Iron & Steel Co. (Chongqing Steel) has announced in its annual report that in 2016 it registered an operating revenue of RMB 4.415 billion ($0.64 billion) with a net loss of RMB 4.686 billion ($0.68 billion), compared to the net loss of RMB 5.987 billion recorded in 2015.