Henan Province-based Chinese steelmaker Zhongyuan Special Steel Co., Ltd (Zhongyuan Special Steel) has announced that it has recorded an operating revenue of RMB 678 million ($100.62 million) for the January-September period of the current year, down 13.78 percent year on year, with a net loss of RMB 89.5303 million ($13.30 million) compared to a net loss of RMB 64.02 million in the same period of 2015.
In addition, Zhongyuan Special Steel expects to record a net loss in the range of RMB 100-120 million ($14.86-17.83 million) for the whole of 2016 compared to a net loss of RMB 213.35 million in 2015.