Fujian Province-based Chinese steelmaker Fujian Sangang Minguang Co., Ltd (Sangang Minguang) has announced in its annual report that in 2015 it registered an operating revenue of RMB 12.542 billion ($1.94 billion), down 30.41 percent year on year, with a net loss of RMB 929 million ($143.81 million) compared to the net profit of RMB 31.9527 million recorded in 2014.
In 2015, Sangang Minguang produced 5.4280 million mt of pig iron, 5.9838 million mt of crude steel and 5.8945 million mt of finished steel, down 3.87 percent, 4.90 percent and 2.35 percent year on year, respectively.