Shandong Steel Group sees fall in operating revenue in Q1

Shandong Province-based Chinese steelmaker Shandong Iron & Steel Group Co., Ltd (Shandong Steel Group) has announced that in the first quarter of the current year it registered an operating revenue of RMB 10.375 billion ($1.60 billion), down 15.46 percent year on year, with a net loss of RMB 333 million ($51.47 million) compared to the net loss of RMB 190 million recorded in the same period of 2015.