On February 3, Guangdong Province-based Chinese steelmaker Shaogang Songshan Co. Ltd issued its financial results for 2012. Accordingly, the company registered a net loss of RMB 1.952 billion ($311 million) in 2012, compared to a net loss of RMB 1.138 billion in 2011.
Meanwhile, its operating revenues in 2012 totaled RMB 19.26 billion ($3.1 billion), down 15.8 percent compared to RMB 22.874 billion in the previous year.
In 2012, Shaogang Songshan produced 5.52 million mt of pig iron, 5.36 million mt of crude steel and 5.5 million mt of finished steel, all slightly lower than its planned outputs for the given year. Meanwhile, its coke output in 2012 totaled 1.78 million mt.
Source:
http://www.steelorbis.com/steel-news/latest-news/shaogang-songshan-posts-net-loss-of-rmb-1952-billion-for-2012-739178.htm
