For decades, the steel industry has battled with environmental friendliness. The world’s leading steelmakers are bustling to reduce carbon emissions by revolutionizing their technologies. Currently, the steel industry is one of the top three most prominent carbon dioxide producers.
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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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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.