Hangzhou Steel sees reduced operating revenue in Jan-Sept

Zhejiang Province-based Chinese steelmaker Hangzhou Iron and Steel Co. (Hangzhou Steel) has announced an operating revenue of RMB 14.019 billion ($2.07 billion) for the January-September period of the current year, down 19.39 percent year on year, with a net profit of RMB 529 million ($78.13 million) compared to a net loss of RMB 458 million recorded in the same period of 2015.