US Federal Reserve announced that it is dropping its benchmark interest rate to zero and launching a new round of quantitative easing entailing USD 700 billion worth of asset purchases of Treasurys and mortgage-backed securities.

In view of COVID-19 being reported in several cities, Tata Steel has been decided to suspend all domestic travel on company business with immediate effect as a measure of abundant precaution.

Manufacturers are exploring alternatives to fulfil their supply chain demands but that would also take a substantial amount of time to reach stable production scale as these components would need regulatory testing, reiterated Mr Wadhera.

Angang high end pressure vessel steel settled in Huanqiu again

ferro-alloys.com:US steel production not smashed by Coronavirus

ferro-alloys.com:Steel output of China from Jan-Feb increases 3.1% in spite of coronavirus interruptions

The average China Iron Ore Price Index (CIOPI) rallied in February, according to the China Iron and Steel Association (CISA).

The raw coal production in northwest China's Xinjiang Uygur Autonomous Region surged in the first two months this year despite the fact that the novel coronavirus epidemic had caused labor shortage and transport barriers.