Hebei Iron and Steel Industry before July profit doubled

1--7 months, above-scale industrial enterprises in Hebei Province to achieve a total profit of 137.33 billion yuan, an increase of 22.1% over the previous year; assets and liabilities was 56.2% in the first quarter, the first half fell 1.0,0.3 percentage points. 1--7 months, the province ferrous metal smelting and rolling processing industry (Note: refers to steel and other ferrous metal materials, Hebei province is the largest China Hot Dipped Galvanized Steel Sheet made in China.) Realized a total profit of 18.24 billion yuan, representing an additional 12.3 billion yuan, an increase of 2.1 times ; coal mining and washing net loss of 960 million yuan year on year reduced losses and 2.81 billion yuan, down 74.5%.
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NDRC: the operation of the steel industry in July
In July, the country's crude steel output of 66.81 million tons, an increase of 2.6% over the same period was down 4.6% from last year; steel production increased by 4.9%, compared to 1.9 percent decline. Coke production fell 0.8% year on year decline narrowed by 5.7 percentage points. Ferroalloy production fell by 0.2%, compared to growth of 0.4%. Steel exports 10.3 million tons from last month to reduce the 640,000 tons; imported 1.13 million tons last month to reduce 10,000 tons. Coke export 1.1 million tons, last month increased by 340,000 tons.
January to July, the national output of 466.52 million tons of crude steel, down 0.5% year on year decline narrowed 1.3 percentage points; production of 657.05 million tons of steel, up 1.9 percent year on year increase of 0.4 percentage points. Coke production 253.22 million tons, down 3.8% year on year decline narrowed 0.1 percentage points. Ferroalloy production of 20.53 million tons, down 0.4% year on year decline narrowed 2.1 percentage points. Steel exports 67.41 million tons, an increase of 8.5%; imports of 7.59 million tons, down 1.4%. Imported 582.05 million tons of iron ore, an increase of 8.1%. Coke export 5.85 million tons, an increase of 10.8%.
Steel prices rebounded last month. In July, the domestic steel market price index averaged 71.58 points and up 3.26 points, up 8.12 points. 6.5mm high speed wire, 20mm plate, 1.0mm cold rolled coil average price of 2566 yuan / ton, 2577 yuan / ton and 3134 yuan / ton, respectively, last month rose 144 yuan / ton, 109 yuan / ton and 66 yuan / ton, up 14.2%, 20.1% and 9.6%.



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