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.

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

China has full confidence to guarantee the energy supply and ensure that work resumes smoothly, the country's top economic regulator said on Sunday.

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

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