The Chinese steel company Jiu Steel Group Hongxing Iron and Steel Co., Ltd., located in Gansu Province, announced that in January-March of this year it recorded operating revenue of 6.98 billion yuan ($1.0 billion), which is 2.9% more than in the previous year, and the net loss was 182 million yuan ($26.7 million), compared with a net loss of 444 million yuan.
In the current period, Jiu Steel Hongxing Steel produced 1.13 million tons of flat steel, which is 30% more, while long steel production was 1.25 million tons, which is 14.3% less, and 131,300 tons of stainless steel, which is 7.3% less than in the previous year.
$ 1 = 6.8176 yuan
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