All-time high forecast for global crude stainless steel production in 2021
After the production slump recorded last year, global crude stainless steel output is predicted to rebound strongly, to 55 million tonnes, in 2021. This is an increase of more than 8 percent from the figure recorded in 2020.
Robust activity in China is the main driver for the predicted increase in production, this year. Chinese steel mills have responded to strong domestic demand, fuelled by government stimulus measures, and soaring prices, worldwide.
Output in the United States is forecast to climb by 16 percent, year-on-year, but fall short of the figure recorded in 2019. Allegheny Technologies Incorporated is planning to exit the stainless steel market, this year. Worker strikes at several of its sites are likely to continue.
/PRNewswire/ Allegheny Technologies Incorporated (NYSE: ATI) reported first quarter 2021 results, with sales of $693 million and a net loss attributable to.
US CEO pay soars during pandemic
For the majority of the population, the COVID-19 pandemic has been a catastrophe on a scale not seen since the Second World War. With a death toll over 586,000 in the US alone, millions of families have lost loved ones, as parents, spouses, siblings, and even children fell ill and succumbed to the virus in a matter of days. Millions more have survived an infection only to face debilitating long-term consequences to their health.
Norwegian Cruise Line Holdings President & CEO Frank Del Rio, right, joins applause as he rings the New York Stock Exchange opening bell. (AP Photo/Richard Drew)