Hunan Province-based Chinese steelmaker Valin LY Steel Co.(Valin LY Steel) has announced that in the first half of the current year it recorded an operating revenue of RMB 6.184 billion ($0.97 billion), down 14.64 percent year on year, with a net loss of RMB 142 million ($22.19 million).
In the first half of the year, Valin LY Steel produced 1.89 million mt of pig iron, 1.90 million mt of crude steel and 1.92 million mt of finished steel, indicating decreases of 20.92 percent, 24.65 percent and 24.16 percent year on year, respectively.