China's steelmaker Shougang Shuicheng Iron Steel (Group) said recently that it is expected to incur a loss of about 800 million yuan in 2015, mysteel.com reported on Wednesday.
The steelmaker produced 3.41 million metric tons (tonnes) of iron, 3.36 million tonnes of steel and 3.28 million tonnes of steel products, and earned 7.9 billion of operating revenue in 2015. It aims to earn more than 5.9 billion yuan of operating revenue from its steel business in 2016, said the company.
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