Manufacturers are exploring alternatives to fulfil their supply chain demands but that would also take a substantial amount of time to reach stable production scale as these components would need regulatory testing, reiterated Mr Wadhera.

Angang high end pressure vessel steel settled in Huanqiu again

ferro-alloys.com:US steel production not smashed by Coronavirus

ferro-alloys.com:Steel output of China from Jan-Feb increases 3.1% in spite of coronavirus interruptions

The average China Iron Ore Price Index (CIOPI) rallied in February, according to the China Iron and Steel Association (CISA).

The raw coal production in northwest China's Xinjiang Uygur Autonomous Region surged in the first two months this year despite the fact that the novel coronavirus epidemic had caused labor shortage and transport barriers.

India's coal imports registered a decline of 14.1 per cent to 17.01 million tonnes (MT) in February in the wake of the coronavirus outbreak, as per industry data.

A large iron ore deposit has been discovered in northern China's Shanxi Province, with an estimated reserve of around 310 million tonnes, local authorities said Thursday.