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

IANS, citing sources, reported that JSW Steel is likely to pay INR 19,700 crore to acquire the bankrupt Bhushan Power and Steel Ltd by March 15.

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

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.

Authorities in Fuzhou, capital of East China's Fujian province, are stepping up efforts to help businesses resume production after the prolonged shutdown for the Lunar New Year holiday.

China has resumed 70.2 percent of its coal production capacity with output recovering steadily amid the fight against the novel coronavirus epidemic.

"In the third quarter, I think you'll see a meaningful rebound aided by measures taken by the central bank," he told China Daily.

ferro-alloys.com: Kumba 'has an arrangement' to safeguard impact of coronavirus on iron ore deals