Shougang foresees net loss of RMB 450-500 million for Q1

Beijing-based Chinese steelmaker Shougang Iron and Steel Co. (Shougang) has announced that it expects to record a net loss in the range of RMB 450-500 million ($69.66-77.40 million) for the first quarter of the current year, compared to a net loss of RMB 316.65 million in the corresponding quarter in 2015.