Despite the Coronavirus (Covid-19) pandemic, students of the 2-year MBA programme of the IFMR Graduate School of Business (IFMR-GSB), now part of Krea University, saw a good placement season and witnessed a 10 per cent growth in average salaries offered by finance, consulting and technology giants. With over 80 per cent of the students already placed in the ongoing placement season, finance, consulting and technology companies have hired over 87 per cent of the students already placed. The full batch comprises 175 students. In the past three years between 2017-18 and 2019-20 anywhere between 50 and 75 per cent of the students were placed in finance, consulting and technology companies in areas such as financial strategy, business management, risk management, data analytics, compliance and governance, and financial control.
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Impacts from the COVID pandemic and asset sales saw ArcelorMittal report a 20.4% decline in its crude steel production in 2020.
“The countries worst affected by COVID were the ones that saw drops in their production,” one industry watcher added about lower production at the group’s assets in Europe, Brazil and the United States.
ArcelorMittal output down 20.5%
ArcelorMitttal poured a total 71.5 million metric tons of liquid steel in the 12 months of 2020. Meanwhile, it poured almost 90 million metric tons in 2019, the group noted Feb. 11.
Shipments for the year came to 69.1 million metric tons, down 18.2% year on year from 84.5 million metric tons, ArcelorMittal added.
The company has already implemented a footprint optimization, including the permanent closure of a blast furnace and steel plant in Krakow (Poland), the permanent closure of the Florange coke oven battery
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