Hebei Province produced 104.84 million tons of pig iron in 2007, up 22.14% year-on-year, 107.06 million tons of crude steel, up 17.72%, 104.75 million tons of steel products, up 37.26% and 309.54 million tons of iron ore, according to the Metallurgical Industry Association of Hebei.

Ratio of sheet and strip continued to improve and result of structural adjustment was obvious. The Association general secretary Wang Dayong noted provincial output of pig iron, crude steel and steel products all surpassed 100 million tons last year and ratio of crude steel to steel products has risen to 1.02:1 from 1.19:1 in 2006, suggesting a rapid growth of deep processing products from crude steel. Among other things, sheet and strip output was 55.92 million tons, up 51.1%, ratio of sheet and strip was 53.39%, up 4.89 percentage points.

In 2007, Hebei's key metallurgical enterprises completed sales/output ratio of 99.97%, up 0.65%, achieved main business revenue of 544.51 billion yuan, up 45.41%; profits of 34.05 billion yuan, up 34.26%; profits and taxes of 54.17 billion yuan, up 33.68%. Completion of main economic indexes in the steel industry was in parallel with or better than the production growth of main products. After July, however, profit margins in the mills were squeezed substantially as their production costs grew fast due to soaring prices of raw materials.