Indian steelmaker JSW Steel aims to complete 5mn t/yr of expansion projects by the end of March, increasing its crude steelmaking capacity to 23mn t/yr.

The materials weighing 3,002 tonnes were shipped from Japan to east China's Shanghai.

However, there needs to be sufficient capacity in both the EU and UK quotas for this interim solution to be utilised.

SSAB intends to be a fossil fuel-free company by 2045, and to supply its first fossil fuel-free steel to the market in 2026.

A few days ago, Anglo-American Resources Group (Anglo American) released the fourth quarter of 2020 production report showed that the fourth quarter of last year, total iron ore production increased by 10% from a month earlier.

Russian coal exports were practically flat on the year in 2020, as strong July-December demand offset a weak first half.

According to CISA, in 2020, the sales revenue of key statistics iron and steel enterprises was 4703.3 billion yuan.

China's steel sector registered output expansion last year, industrial data showed.