Indonesia expects delay to $11bn nickel projects over coronavirus

Rio Tinto, Calibre enter Nicaragua exploration deal

According to market sources, Italy's steelmakers have not yet made any production cuts due to the virus and steel shipments have not been impacted.

The port unloaded 12,196 tons of ore per hour, beating the previous world record of 11,670 tons per hour.

In the week ending on February 22, 2020, domestic raw steel production was 1,901,000 net tons while the capability utilization rate was 81.5 percent.

Ferrosilicon futures 2005 contract closed at 5720 on Wednesday February 26.

While Turkish hot-rolled coil producers maintained strong prices amid higher raw material costs and low demand, mills raised cold-rolled coil and hot-dip galvanized sheet steel offer prices this week, sources said.

Japan's slowing economy has steelmakers worried as the country's manufacturing sector sees more pressure from the impact of the COVID-19 outbreak.