Based on the Commerce Department’s most recent Steel Import Monitoring and Analysis (SIMA) data, the American Iron and Steel Institute (AISI) reported today that steel import permit applications for the month of February totaled 1,823,000 net tons (NT)*.

State-owned SAIL has supplied special grade steel plates produced at its Bhilai unit for the country's first human space mission programme -- Gaganyaan, a company official has said.

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.

The novel coronavirus epidemic will boost the expansion of the 5G network in the country, as the central authorities recently called for accelerated construction of the 5G network.

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.

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.

The deal should complete on Monday.