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Industrial added value of steel industry in Hebei up 13.7 percent in H1-锻造展-2026年第二十六届广州国际锻造工业展览会-Forging Exhibition-2026 China(Guangzhou) Int'l Forging Industry Exhibition
8/4/2025 锻造展-forging expo-forging exhibition--forging event |
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On the afternoon of july 29, the Information Office of the Hebei Provincial People''s Government held a pressconference on the development of Hebei''s industrial economy for the first half of 2025.In particular, for the steel industry in Hebei, in the january-June period this year falling raw material pricesboosted profits per metric ton of steel and so local steel companies were highly motivated to produce. The steelindustry''s industrial added value grew by 13.7 percent in the given period.
Shi Qingjiang, director of the Operations Monitoring and Coordination Bureau, Hebei Provincial Department ofIndustry and Information Technology, when answering questions from reporters, stated that Hebei Provincepromoted the shared procurement of raw materials and has built a supply chain platform for the steel industry.By utilizing the platform, the steel industry cluster and steel enterprises could accurately match their needs, andcarry out joint procurement of raw materials, including fasteners, welding materials, silicon manganese alloys,and iron ore. The total transaction volume of the supply chain platform amounted to RMB 280 milion ($39milion) since its establishment in April this year, with a comprehensive cost reduction of more than 10 percent.
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