The Financial Impact of COVID-19 On Steel Sector
Mazen Fouad Sabalbal
Beirut Arab University Lebanon
The goal of this research is to investigate the financial effects of the COVID-19 epidemic on steel sector by taking a company that function in the steel sector, and specialized in steel trading, as an example to examine what is the effect of COVID-19 on steel sector. This study used financial factors such as solvency, liquidity, activity, and profitability based on financial ratios from 2017 to 2020. These financial measures showed how the pandemic affected a company that was one of the largest steel traders in Lebanon’s North. The results show that the pandemic had a significant impact on the corporation, resulting in significant losses.
Keywords: COVID-19, financial performance, steel sector.