The steel industry in China’s Hebei Province saw a 13.7% year-on-year increase in industrial added value during the first half of 2025, buoyed by falling raw material costs and strong production momentum, according to officials at a government press conference.
The announcement was made during a media briefing hosted by the Information Office of the Hebei Provincial People’s Government, highlighting the overall performance of the province’s industrial economy for January through June 2025.
Declining raw material prices significantly boosted profit margins per metric ton of steel, encouraging local producers to ramp up output. According to Shi Qingjiang, Director of the Operations Monitoring and Coordination Bureau under the Hebei Provincial Department of Industry and Information Technology, the province has been actively promoting shared procurement strategies to further streamline operations.
A key initiative included the launch of a dedicated steel industry supply chain platform, established in April 2025, which facilitates joint procurement of materials such as fasteners, welding products, silicon manganese alloys, and iron ore.
Since its inception, the platform has generated a transaction volume of RMB 280 million (approximately $39 million) and has led to a comprehensive cost reduction exceeding 10% for participating companies.
Hebei remains one of China's key steel-producing regions and continues to innovate in supply chain integration and industrial coordination to maintain competitiveness in the global market.
VietnamSteel by Hoa Sen Group
