Coronavirus: Steel ministry asks PSUs not to cut production.

German conglomerate Thyssenkrupp to scrap 3,000 steel jobs.

Metals majors are staring at production cutbacks following the 21-day lockdown in the wake of the Covid-19 outbreak that has sharply shrunk demand.

JSW Steel, one of the country's largest private steel companies, has decided to scale down/ suspend production at its units in the wake of the global outbreak of novel Coronavirus (COVID-19).

China steel price average index was103.34 in Jan-Feb, down by 3.3％ YoY. China steel price index was by February, 28, down by 5.71％ YoY.

European Union leaders have told the bloc's finance ministers to draw up new measures to tackle the economic impact of COVID-19.

Jingye Group sends aid to British plants.

I believe all these measures are necessary to optimize State-owned assets, as well as cut their heavy financial burden caused by outdated CSR obligations.