Chongqing-based Chinese steelmaker Chongqing Iron and Steel has issued its financial report for the July-September period this year, announcing that it registered an operating revenue of RMB 7.6499 billion ($1.06 billion) in the given period, down 15.88 percent year on year, and a net loss of RMB 788 million ($109.1 million).
In the January-September period of the current year, Chongqing Steel registered an operating revenue of RMB 25.67 billion ($3.6 billion), decreasing by 19.2 percent year on year, while posting a net loss of RMB 271 million ($37.5 million).
$1 = RMB 7.2197