January 2022

Posco-Adani steel project could add to India's oversupply, sources say

Posco and the Adani Group’s recently announced steel project will likely add to the steel oversupply in India until demand picks up sufficiently to consume the surplus volumes, market sources told Fastmarkets this week.

ArcelorMittal to invest $26 mln on Krakow CR mill upgrade

ArcelorMittal plans to ramp-up production at its cold-rolling steel mill in Krakow, Poland, until the end of this year, the company said this week.

Allkem reports strong sales for spodumene and lithium carbonate in Q4 2021

A summary of Australia-listed lithium producer Allkem's production results, the result of the recent merge of miners Orocobre and Galaxy Resources, as of 31 December 2021, released on Tuesday January 18.

BHP lowers FY22 met coal guidance to 38-41 million tonnes, keeps iron ore forecast at 249-259 million tonnes

A summary of BHP’s latest review for metallurgical coal and iron ore released on Wednesday January 19

Five key stories from January 18

Here are five Fastmarkets stories you might have missed on Tuesday January 18 that are worth another look.

Metinvest aiming to cut carbon emissions by 40% by 2040 - reports

Ukraine’s largest national steelmaker, Metinvest, plans to cut its greenhouse gas emissions by 15% by 2030, and by 40% by 2040, according to media reports.

December EU car sales down 22.8% year on year; semiconductor shortage continues

European Union passenger car sales fell 22.8% year on year in December 2021, making it the sixth consecutive monthly decline, mainly due to the impact of the continuing global shortage of semiconductors.

Vale, CSN, Musa restart iron ore ops after week-long halt

Brazilian iron ore producers have restarted their operations after a week-long halt caused by rainfall in the southeastern state of Minas Gerais, the companies said on Monday January 17.

Rio Tinto posts lower Pilbara iron ore output, shipments in 2021

A summary of Rio Tinto’s production and shipment results for the fourth quarter of 2021, as published on Tuesday January 18.

Van Merksteijn to build new steel wire rod mill in Netherlands by 2024

Netherlands-based wire products supplier Van Merksteijn International (VMI) has revealed plans to build a new greensteel wire rod plant in the country by 2024, Fastmarkets heard on Monday January 17.