Japanese carmaker Toyota says two of its plants in Japan will be tempo-rarily closed in March due to semiconductor shortages.

In February, downtime has affected eight of the firm’s enterprises and the shortage of cars has intensified, meaning the volume of unreleased cars is in the hundreds of thousands.

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ArcelorMittal believes market conditions will remain supportive in the first half of 2022 after registering strong financial performance last year, Kallanish notes.

After rebounding strongly in 2021, European steel consumption is expected to grow much more slowly in 2022 and 2023, by 3.2% and 1.7% respectively on-year, says Eurofer. End-use demand, from the automotive sector in particular, will be seriously impacted at least till mid-2022 by global supply chain issues and soaring …

Global crude steel production closed out 2021 with a decline of 3% on-year in December to 158.74 million tonnes, as China and the EU both saw reduced output, worldsteel data shows. Full-year 2021 production still inched up 3.6% on-year to 1.91 billion tonnes, but slowed from the 14% growth seen …