Zhejiang Province-based Chinese steelmaker Hangzhou Iron & Steel Co., Ltd. has announced that its net loss amounted to RMB 96.2 million ($14.3 million) in the January-September period this year, shifting from a net profit of RMB 101 million ($15 million) recorded in the same period last year. In the given period, Hangzhou Iron & Steel registered an operating revenue of RMB 19.03 billion ($2.8 billion), down 58.2 percent year on year.
In the July-September period this year, Hangzhou Iron & Steel has registered an operating revenue of RMB 6.41 billion ($950 million), down 59.53 percent year on year, while posted a net loss of RMB 108.7 million ($16.2 million), down 150.62 percent year on year.
