Zhejiang Province-based Chinese steelmaker Hangzhou Iron & Steel Co. (Hangzhou Steel) has announced in its annual report that in 2015 it registered an operating revenue of RMB 8.35 billion ($1.29 billion), down 42.21 percent year on year, with a net loss of RMB 1.089 billion ($0.17 billion) compared to the net profit of RMB 10.7336 million in 2014.
In 2015, Hangzhou Steel produced 2.2633 million mt of pig iron, 2.7264 million mt of crude steel and 2.1084 million mt of finished steel.