The profit of Hebei's steel industry in the first five months exceeded 9.6 billion yuan, surpassing the total for the entire year of 2024

Published: Jul 18, 2025 16:03

Save

The high-quality development of the steel industry in Hebei province has achieved remarkable results. From January to May 2025, the province's steel production reached 148 million mt, up 11.7% YoY. It achieved a profit of 9.63 billion yuan, surpassing the total profit of the previous year and accounting for 30.4% of the national steel industry's profit.
The main achievements are reflected in three aspects: First, the structure continues to optimize, with pig iron and crude steel production decreasing by 2.3% and 1.3%, respectively. Second, benefits have significantly improved, with the profit share in May alone reaching 33.6%. Third, innovation achievements have been abundant, with seven enterprises being rated as national-level technology centers and breakthroughs made in multiple high-end products.
These achievements are attributed to the following factors: promoting industrial transformation and upgrading, with the added value of the advanced steel industry growing by 14%; establishing a supply chain platform, reducing procurement costs by over 10%; and the pullback of raw material prices improving the business environment. Hebei province will continue to promote the high-quality development of the steel industry.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

Feb 6, 2026 18:30

Before the holiday, the black chain is unlikely to see a trend-driven market [SMM Steel Industry Chain Weekly Report].

This week, ferrous metals were in the doldrums, with coking coal and coke staging a mid-week rise. At the beginning of the week, financial markets experienced sharp fluctuations, dragging down sentiment in the ferrous chain and leading to a pullback in futures. Mid-week, Indonesia's cut to coke production quotas drove coking coal and coke futures to lead the gains, though the impact was more pronounced on thermal coal, while coking coal's rise was largely sentiment-driven and short-lived. In the latter part of the week, finished products continued their seasonal inventory buildup, and support from the raw material side weakened, causing the entire ferrous chain to pull back. In the spot market, with the Chinese New Year holiday approaching, purchasing activity slowed down further, with end-users only making limited, as-needed purchases at low prices.

Feb 6, 2026 18:30

Feb 6, 2026 18:09

MMi Daily Iron Ore Report (February 6)

Today, the DCE iron ore futures continued to hit bottom today, with the most-traded contract I2605 closing at 760.5 yuan/mt, down 1.23% from the previous trading day. Spot prices fell by 5–10 yuan/mt compared to the previous trading day.

Feb 6, 2026 18:09

Feb 6, 2026 17:41

[SMM Chromium Daily Review] Inquiries and Transactions Weakened, Chromium Market Showed Mediocre Performance Before the Holiday

[SMM Chrome Daily Review: Trading and Inquiries Weakened, Chrome Market Showed Mediocre Performance Before the Holiday] February 6, 2026: Today, the ex-factory price of high-carbon ferrochrome in Inner Mongolia was 8,500-8,600 yuan/mt (50% metal content), flat MoM from the previous trading day...

Feb 6, 2026 17:41