China's steel sector slowed down in February as market demand weakened amid the outbreak of the novel coronavirus, a report from the China Federation of Logistics and Purchasing (CFLP) showed.

China's coal-rich province of Shanxi has seen more than 500 coal mines resume production in February, which ensured energy supply amid the outbreak of novel coronavirus.

ArcelorMittal in its Annual Report for 2019 said that “The Resolution Plan also includes a capital expenditure plan of INR 18.697 crore to be implemented in two stages over six years.

Swiss commodity trading group IMR Metallurgical Resources has proposed to set up a major steel plant in YSR Kadapa district in Andhra Pradesh by investing more than INR 12,000 crore.

The deal should complete on Monday.

Over half of the capital goods monitored by the government posted lower prices in the last 10 days of February compared with the previous 10 days, official data showed.

China has resumed 83.4 percent of its coal production capacity amid the fight against the novel coronavirus outbreak, the National Energy Administration (NEA) said Wednesday.

Compulsory certification of ferro silicon might disrupt Indian steel makers .