Recovery is the word of the year as the steel industry comes roaring into 2021. With the third coronavirus vaccine now on the horizon, a calmer wave of steadily growing supply and demand will set the industry on the path to return to pre-pandemic levels.
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The steel industry is one sector that is bounding back with a vengeance from the prolonged slump brought on by the pandemic. In its early months, closures and the slow implementation of infectious disease management protocols in manufacturing plants severely delayed production.
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You don’t have to have traveled much in the U.S. to have heard names like the Sears Tower (now known as the Willis Tower), the Empire State Building, or the Chrysler Building. These names are as ubiquitous in America as the companies with which they are related. What they have in common is that they are all built from steel.
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In the world of city planners and commercial contractors, knowledge of which steel piping serves which purpose is essential. Not all pipes are created equal, and though we know the overall benefits of steel piping above others (sustainability, durability, and versatility), learning its applications for larger-scale projects can be challenging.
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Every modern society faces the dual (and at times conflicting) ideals of economic growth and environment responsibility. Steel has played an enormous role in the world’s economic growth in helping build buildings, bridges, ships, trains, cars, machines, and more objects essential to the advancement of society.
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Look around the world, the economy, and just about every market and industry out there. You’ll see that the coronavirus pandemic has changed the world in virtually every way possible. The steel market is not exempt from this, with COVID-19 taking a significant toll on our industry.
The COVID-19 pandemic threw the world for a loop when it began to spread rapidly in March 2020. The world panicked, and everyone locked themselves indoors to stay safe. This resulted in a bonafide economic recession due to decreased consumer activity.
Egypt has begun constructing another line of protection on its 7 mile border with Gaza. This recent addition was reported on 27th April 2020. Egypt’s construction of a steel wall has created much controversy in the region and worldwide.
COVID-19’s sweep through the globe has prompted international responses on a scale that we have seldom seen outside of wartimes — and war has been declared on the deadly virus. The impact of the virus cannot be fully measured at this time, as the U.S. has not yet reached the peak of infections that are guaranteed to overwhelm the healthcare system.
Steel ushered in the Industrial Age, helped hundreds of working men and women get accustomed to the 9-5 workday, and is deeply embedded in the roots of American infrastructure.
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