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East China's Yantai port unloaded 317,000 tons of iron ores in 26 hours after a large-scale ship from Brazil berthed in the port on Feb 18.

China's steel industry, which has been facing a rough time due to rising inventories and falling product prices due to the novel coronavirus outbreak, is expected to recover rapidly during the second quarter of this year, experts said.

ferro-alloys.com:Iron ore of China smashes 1-1/2-month high on supply distresses

ferro-alloys.com:Stainless steel imports of Turkey decrease however exports increases

China has full confidence to guarantee the energy supply and ensure that work resumes smoothly, the country's top economic regulator said on Sunday.

PTI reported that Kolkata based SAI Group is planning to invest INR 1,000 crore over the next 3-5 years in West Bengal for its steel business.

China has made considerable progress in speeding up coal production and resumption of work to contain the novel coronavirus pneumonia.

The Shougang Tonggang Limited Company, an iron and steel company in Tonghua city, has also resumed work.