Buy These 2 Stocks as Steel Prices Continue to Soar
MT – Steel plays a significant role in the industrial and manufacturing sector. As the demand for steel rises with a global economic recovery–and with that its price–we think companies such as ArcelorMittal (MT) and Olympic Steel (ZEUS) should deliver significant returns in coming months.
Mar 15, 2021
The global lockdown and subsequent social distancing restrictions compelled by the COVID-19 pandemic caused the steel industry to plummet over the first two quarters of 2020. The near halt in industrial and manufacturing activities in China contributed significantly to a global supply glut because China is the world’s largest consumer of steel. With excess reserves and falling prices, global steel production fell 1.4% year-over-year in the first quarter of 2020.
Geographical Magazine How far off is the steel industry from decarbonising? 2021 Pressure is mounting on steelmakers to decarbonise, but it’s proving to be a particularly difficult industry to clean up
Edit: This piece was originally published in the March edition of Geographical Magazine. Since then, the UK Government appears to have reversed its decision not to intervene in the development of the controversial Cumbria coal mine. Robert Jenrick, the secretary of state for housing, communities and local government, has decided to intervene in plans for the mine following “increased controversy” surrounding the application.
On 6 January 2021, environmental campaigners and local MPs voiced their fury at the UK government’s decision not to oppose the opening of a new coal mine in Cumbria. Given all the commitments made towards achieving net-zero carbon by 2050, the move seemed regressive.
Hydrogen: The ultimate green fuel, or industry hype? nzherald.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nzherald.co.nz Daily Mail and Mail on Sunday newspapers.
Мир - Стали известны новые подробности ДТП в Польше daily.com.ua - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from daily.com.ua Daily Mail and Mail on Sunday newspapers.
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NEW YORK, March 3, 2021 /PRNewswire/ Recessionary pressures in steel industry in 2019 and sudden deceleration in 2020 will weigh down refractories activity in 2021, however, firm construction sector recovery will limit downward trend finds the new edition of Refractories Market Study by consulting firm Fact.MR. The new edition of the study recalibrates previous estimates for COVID-19 impact, in tune with broader developments in end-use industries.
The downward trend in refractories mimics the developments in macro-industries. World ex-China BF output was down 13% in 9m-20, whereas EU, US, Japan down about 20%. India BF output was down 14%, with Korea and CIS down 6% and 2% y-o-y according to data from World Steel Association.