Hebei Province’s crude steel output continues to rise in Jan-Feb

Tuesday, 30 March 2010 18:01:06 (GMT+3)   |  
       

In the January-February this year, Hebei Province's metallurgical enterprises produced crude steel, finished steel and pig iron in aggregate volumes of 26,095,300 mt, 26,748,100 mt and 25,442,200 mt respectively, with increases of 37.46 percent, 36.98 percent and 30.82 percent year on year.

Meanwhile, the data reveal that the product sales of these enterprises in Hebei Province has slackened and that their profits have begun to decline. In January-February, major metallurgical enterprises' sales-output ratio stood at 93.93%, registering a decrease of 0.30 percentage points. The cause of the enterprises' profit decrease has been the rise in the price of raw material and coal.  So far in 2010, the purchase price of domestic concentrated iron fines has risen by more than RMB 100/mt. Meanwhile, foreign suppliers have limited or halted supplies of iron ore based on long-term agreements, and so domestic enterprises have been forced to purchase iron ore on the spot market where the CIF price exceeds $140/mt.


Similar articles

Ansteel’s net profit up 10.69 percent in 2020

01 Apr | Steel News

Valin Steel’s net profit up 46% in 2020, steel output up 10%

01 Apr | Steel News

Shandong Steel’s net profit up 24.8 percent in 2020

31 Mar | Steel News

Nanjing Steel’s net profit increases by 9.2 percent in 2020

30 Mar | Steel News

Masteel’s net profit up 75.74% in 2020, crude steel output up 5.7%

30 Mar | Steel News

Baosteel’s net profit down 12.86% in Jan-Sept, crude steel output down 3.85%

30 Oct | Steel News

Baoshan Iron and Steel posts lower profit in H1, output to stay high in H2

28 Aug | Steel News

Shandong Iron and Steel’s net profit down, output up 27.37% in H1

28 Aug | Steel News

Ansteel turns to black in H1

30 Aug | Steel News

Chongqing Steel sees net loss in H1 despite higher production

30 Aug | Steel News