Xinyu Steel sees fall in operating revenue in Q1

Jiangxi Province-based Chinese steelmaker Xinyu Iron and Steel Co. (Xinyu Steel) has announced that in the first quarter of the current year it registered an operating revenue of RMB 5.665 billion ($0.87 billion), down 9.39 percent year on year, with a net loss of RMB 91.8245 million ($14.13 million) compared to the net loss of of RMB 118 million in the same period of 2015.