Lingyuan Steel sees increased operating revenue in Q1

Liaoning Province-based Chinese steel producer Lingyuan Iron & Steel Co., Ltd (Lingyuan Steel) has announced in its quarterly report that it registered an operating revenue of RMB 2.4 billion ($0.37 billion) for the first quarter of the current year, up 3.09 percent year on year, with a net loss of RMB 131 million ($20.15 million) compared to the net loss of RMB 151 million recorded in the same period of 2015.