Shandong Steel sees net loss of RMB 775 million in Jan-Sept

Shandong Province-based Chinese steelmaker Shandong Iron and Steel Group Co., Ltd (Shandong Steel) has announced that in the January-September period of the current year it recorded an operating revenue of RMB 31.99 billion ($5.05 billion), down 20.54 percent year on year, with a net loss of RMB 775 million ($122.24 million) compared to a net loss of RMB 991 million in the same period of 2014.