Pangang Vanadium & Titanium sees net loss of RMB 5.98 billion in 2016

Sichuan Province-based Chinese steelmaker Pangang Group Steel Vanadium & Titanium Co. (Pangang Vanadium & Titanium) has announced in its annual report that in 2016 it registered an operating revenue of RMB 10.61 billion ($1.54 billion), down 7.07 percent year on year, with a net loss of RMB 5.9878 billion ($0.868 billion), compared to the net loss of RMB 2.20736 billion it recorded in 2015.