Hebei steel industry sees increased gross profit in January-August

Monday, 15 October 2018 10:43:35 (GMT+3)   |   Shanghai
       

In the January-August period of the current year, the steel industry in China's Hebei Province recorded an overall operating revenue of RMB 758.268 billion ($109.6 billion), up 13.22 percent, and a gross profit of RMB 63.14 billion ($9.12 billion), rising by 67.91 percent, both year on year, with the gross profit accounting for 37.91 percent of overall industrial gross profits in Hebei Province in the given period, as announced by Hebei Metallurgical Industry Association.

In January-August, Hebei Province produced 155.13 million mt of crude steel, 140.68 million mt of pig iron and 175.65 million mt of finished steel, down 4.12 percent, down 9.55 percent and up 1.53 percent, respectively, year on year.

 


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