Guangdong Province-based Chinese steelmaker SGIS Songshan Co., Ltd (SGIS Songshan), a subsidiary of Guangdong-based steel producer Shaoguan Iron and Steel Co., Ltd (SGIS), has announced in its annual report that in 2015 it registered an operating revenue of RMB 11.145 billion ($1.72 billion), down 42.84 percent year on year, with a net loss of RMB 2.596 billion ($0.40 billion) compared to the net loss of RMB 1.388 billion recorded in 2014.
In 2015, SGIS Songshan produced 5.25 million mt of pig iron, 5.20 million mt of crude steel and 5.04 million mt of finished steel, indicating respective decreases of 15.12 percent, 17.18 percent and 18.05 percent year on year.