In the January-February period of the current year, the steel industry in China's Hebei Province recorded an overall operating revenue of RMB 156.106 billion ($24.84 billion), up 5.03 percent, and a gross profit of RMB 9.84 billion ($1.57 billion), rising by 53.76 percent, both year on year, with the gross profit accounting for 30.47 percent of overall industrial gross profits in Hebei Province in the given period, as announced by Hebei Metallurgical Industry Association.