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.