Jiangsu Shagang foresees net loss of RMB 76.50-103.50 million for 2015

Jiangsu Province-based Chinese company Jiangsu Shagang Co., Ltd (Jiangsu Shagang), a subsidiary of Chinese steelmaker Shagang Group, has announced in its preliminary financial report for 2015 that it expects to record a net loss in the range of RMB 76.50-103.50 million ($11.63-15.73 million) for the year, compared to the net profit of RMB 35.2164 million it recorded in 2014.