Protection and prevention measures in place to ensure worker safety.

The nation's pace of outbound direct investment will not be seriously disrupted by the outbreak, analysts said.

Ukraine's interagency commission on international trade has decided to impose a 50.09% anti-dumping duty on imports of steel wires and wire ropes from Russia into Ukraine for five years.

According to market sources, Italy's steelmakers have not yet made any production cuts due to the virus and steel shipments have not been impacted.

While Turkish hot-rolled coil producers maintained strong prices amid higher raw material costs and low demand, mills raised cold-rolled coil and hot-dip galvanized sheet steel offer prices this week, sources said.

Japan's slowing economy has steelmakers worried as the country's manufacturing sector sees more pressure from the impact of the COVID-19 outbreak.

China is boosting efforts to ensure the energy supply for hospitals in Wuhan to fight against the novel coronavirus.

Steel major Baoshan Iron and Steel Co Ltd is banking on its smart manufacturing and logistics strengths to sustain production even as the novel coronavirus outbreak forces several companies to suspend production.