Sichuan Province-based Chinese steelmaker Pangang Group Steel Vanadium & Titanium Co. (Pangang Vanadium & Titanium) has announced that in the January-September period of the current year it recorded an operating revenue of RMB 8.815 billion ($1.39 billion), down 30.49 percent year on year, with a net loss of RMB 972 million ($153.07 million) compared to a net profit of RMB 617 million in the same period of 2014.
In the third quarter of the year, the company registered an operating revenue of RMB 2.653 billion ($0.42 billion), down 37.9 percent year on year, with a net loss of RMB 442 million ($69.61 million) compared to a net profit of RMB 28.363 million in the same period of 2014.