Xinjiang Autonomous Region-based Chinese steelmaker Bayi Iron and Steel Group (Bayi Steel) has announced in its preliminary finanicial report that in 2015 it will continue to see a net loss in 2015, following the net loss it recorded in 2014.
According to the relevant regulations of Shanghai Stock Exchange, in the event of Bayi Steel recording a net loss for the second consecutive year, its shares will carry the ST or “special treatment” tag indicating shares which constitute a risk. Fluctuations of ST shares are limited to plus or minus five percent per day.