Hebei Jun steel industry profit exceeds Q1's total

sxcoal.com Cost & Profit 2020-07-31 14:41:34

Hebei logged profit of 6.45 billion yuan ($923 million) in steel industry in June, more than the amount of 5.71 billion yuan during the first quarter, data showed from the local statistical bureau.


The province's steel industry reaped a total 120.9 billion yuan in operating income during the same month, data showed.


Over the first half of 2020, Hebei bagged 583.3 billion yuan in operating income from steel industry, still down 6.1% from a year ago, and profit of the sector also fell 33.7% year on year to 218.3 billion, data showed, which accounted for 25.96% of China's total during the same period.


China's income from steel industry declined 3.8% year on year to 3.19 trillion yuan during the first six months, with profit down 40.3% to 84.1 billion yuan.


Data showed, of the 353 surveyed steel firms, 93 were lossmaking by the end of June, 5.7% higher compared with a year ago. The total loss amount was down 6.9% year on year to 1.1 billion yuan.


By the end of March, 138 of surveyed 348 steel firms were not making profit, 16.9% higher than a year ago, with the loss down 47.3% to 1.5 billion yuan.


During the first six months, Hebei's ferrous metal ore mining and washing industry realized 37.52 billion yuan of operating income, up 19.5% from a year ago. Its profits totaled 2.36 billion yuan, down 8.5%, data showed.


(Writing by Emma Yang  Editing by Jessie Jia)
For any questions, please contact us by inquiry@fwenergy.com or +86-351-7219322.

Share this article
Connect with us

Editors Recommendations

1 China's domestic thermal coal prices jump to a 19-mth high 2020-11-27

Spot thermal coal prices at China's northern transshipment ports jumped to a new high of nearly 19 months, as firm trading activities stoked the concerns of sustained supply crunch. On No

2 Mongolian coking coal exports to China tumble amid stricter border virus check 2020-11-27

Mongolian coking coal shipments to China slumped as Chinese checkpoints at the border imposed stricter coronavirus checks on Mongolian drivers, causing a significant slowdown in customs clearing, sour

3 China's 2020 coal imports in a sharper curve due to COVID-19 pandemic 2020-11-27

China's coal imports so far this year presented a much sharper curve than the past years even with similar control measures following import policy relaxation in the beginning of recent years.

4 China's thermal coal futures hit 2-yr high on supply crunch, growing demand 2020-11-27

Thermal coal futures on Dalian Commodity Exchange has touched a new high in the past two years, due to a combination of sustained supply crunch and mounting demand. As of 10 o'clock a.m.

5 Shanxi Luliang's raw coal output increases 13.3% YoY over Jan-Oct 2020-11-27

Luliang's raw coal output reached 115.03 million tonnes in the first ten months this year, increasing 13.3% from a year ago, according to the city's statistics bureau. Its washed coal out

6 Shanxi closes 19 coking plants so far this year 2020-11-27

Shanxi has closed 19 coking plants so far this year, involving 10.79 million tonnes per annum (Mtpa) of outdated coking capacity, local media reported. In addision, 11 coke producers have

7 China's domestic thermal coal prices edge higher 2020-11-26

Offer prices of spot thermal coal continued to increase at China's northern ports, backed by new deals sealed with higher prices a day earlier, sources said. A Jiangsu-based power plant o

8 Chinese coking coal prices sustain rally amid supply tightness 2020-11-26

Chinese domestic coking coal market continued to move higher amid ongoing supply shortage. On November 26, Fenwei CCI assessed Shanxi premium hard coking coal at 1,463 yuan/t, up 12 yuan/

9 Russia thermal coal squeezing Indonesia's market share in Asia 2020-11-26

Russia is likely to further squeeze market share of Indonesia, a traditional thermal coal supplier, in main Asian countries like China in the future. China's import of thermal coal (excl.

10 China inks a $1.5bn thermal coal import deal with Indonesia 2020-11-26

China is aiming to expand thermal coal imports from Indonesia in 2021 after the fossil fuel trade has been affected by the COVID-19 this year, according to a recent agreement signed by the two countri

Most Read Articles

1 China faces Mongolian coal import shortage as coronavirus spreads 2020-11-24

Shipments of Mongolian coking coal to China have been challenged as a second wave of COVID-19 virus appeared in the landlocked country that has triggered strict measures on China's border administrati

2 China inks a $1.5bn thermal coal import deal with Indonesia 2020-11-26

China is aiming to expand thermal coal imports from Indonesia in 2021 after the fossil fuel trade has been affected by the COVID-19 this year, according to a recent agreement signed by the two countri

3 Global met coal may further strengthen on recovering demand, short supply 2020-11-24

Global metallurgical coal prices are likely to further tick up in the coming months, following recent increaseddemand driven up by the recovering appetites, Russia's VTB Capital said.

4 Mongolian coking coal arrivals to China tumble as more cases confirmed 2020-11-25

Mongolian coking coal imports have plummeted sharply this week, as anti-pandemic measures further tightened with more COVID-19 cases were confirmed. Sources said the number of trucks ente

5 Active purchases drive up domestic thermal coal prices 2020-11-24

Chinese domestic thermal coal prices witnessed a big jump at northern transfer ports, sparked by emerging purchases from end buyers against the backdrop of supply tightness. On November 2

6 Indonesian low-CV coal jumps to 8-mth-plus high on Chinese appetite 2020-11-24

Price of Indonesian low-calorific value thermal coal has jumped to an eight-month high in Chinese seaborne market early this week, and the uptrend may extend in winter heating season given China's nee

7 China Oct thermal coal imports slump 58.02% YoY 2020-11-25

China imported 4.84 million tonnes of thermal coal (including bituminous and sub-bituminous coals but excluding lignite) in October, slumping 58.02% year on year and 41.19% month on month, showed the

8 Russia thermal coal squeezing Indonesia's market share in Asia 2020-11-26

Russia is likely to further squeeze market share of Indonesia, a traditional thermal coal supplier, in main Asian countries like China in the future. China's import of thermal coal (excl.

9 Indian power utilities' thermal coal imports rebound for 2nd mth in Oct 2020-11-26

Indian power generators imported 4.64 million tonnes of thermal coal in October, up 14.99% from the preceding month, marking the second consecutive monthly increase, showed the latest data from the Ce

10 China's thermal coal prices continue uptrend on trades 2020-11-25

Spot thermal coal prices continued to rise on November 24 at China's northern ports due to fresh trades clinched at higher prices. A cargo of 5,000 Kcal/kg NAR thermal coal changed hands