Disrupted Steel Industry to Thwart Growth amid Pandemic
The severe impact on the steel industry has dramatically reduced the growth of the market. As per the U.S. Steel Industry, the U.S. steel production fell 12.7% year over year at the ending of March 2020. The steel imports have also fallen explicitly in January and February 2020. This factor will adversely impact manufacturing facilities, thus impacting the market. The declined automotive, precision instruments, and machinery has further affected the global market. Moreover, industries such as machinery, automotive, office machinery, communication equipment have faced unprecedented loss, which, in turn, can disturb the forklift trucks industry.
/PRNewswire/ Hyster-Yale Materials Handling, Inc. (NYSE: HY) today announced that the Board of Directors increased its regular cash dividend from 31.75.
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CLEVELAND, May 11, 2021 /PRNewswire/ Hyster-Yale Materials Handling, Inc. (NYSE:HY) announced today that it will host its 2021 Investor Day event for institutional investors and equity analysts virtually on Tuesday, May 25
th. The meeting, hosted by Chairman and Chief Executive Officer, Alfred M. Rankin, Jr., and President, Rajiv K. Prasad, will feature presentations by members of Hyster-Yale Materials Handling s senior management team, and will provide information on the Company s strategic roadmap to deliver long-term shareholder value, including capital allocation strategy and expectations for future financial performance.
The presentation will begin at 10:00 am Eastern Time, to be immediately followed by a live question and answer session, with the presenters, utilizing the chat functionality within the broadcasting system. To access and register for this event, please click on the following link: https://event.on24.com/wcc/r/310
stevenMay 7, 2021
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