Angang Steel Company Limited lost 1.888 billion yuan in the first quarter this year, and the per share lost 0.261 yuan. While the company gained 71 million yuan at the same period of last year, and the profit for per share was 0.01 yuan.
In the first three months, Angang Steel received 18.89 billion yuan operating revenue, dipped 16.41% year-on-year.
The falling steel price is the main reason for the loss, the company expressed.