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Ferrosilicon futures 2005 contract close at 5716 on Tuesday February 25.

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.

Ever since the outbreak, Baosteel has been trying to strike a balance between epidemic prevention and stable production.

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.