Chongqing-based Chinese steel producer Chongqing Iron & Steel Co. (Chongqing Steel) has announced in its annual report that in 2015 it registered an operating revenue of RMB 8.35 billion ($1.29 billion), down 31.81 percent year on year, with a net loss of RMB 5.987 billion ($0.93 billion) compared to the net profit of RMB 51.431 million recorded in 2014.
In 2015, Chongqing Steel produced 3.52 million mt of pig iron, 3.59 million mt of crude steel and 3.30 million mt of finished steel, indicating respective year-on-year decreases of 20.6 percent, 17.3 percent and 17.7 percent.