It is the second international standard the company initiated, Guizhou Steel Rope Group said.

"It takes just 30 minutes from clearance to shipment," said Wang Jinsong, a declarant in charge of steel export in Urumqi, the regional capital.

The throughput of major ports in China continued to increase last week as economic activities keep picking up pace, the China Ports and Harbours Association (CPHA) said on Wednesday.

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The global Coronavirus outbreak is likely to rein in the rally in Indian domestic steel prices.

Up to 50 percent of Vietnam’s logistics firms estimate they will see revenue cut in half this year compared to 2019 because of the COVID-19 pandemic.