Steel is important industry for both Canada and United States Both Canada and USA have seen steel plants shutter since 2008 Local content rules will drive steel production, especially as it relates to infrastructure projects

1. Steel Industry –
Canada and USA
– January 2018
Paul Young CPA, CGA
February 26, 2018

2. Paul Young - Bio
• CPA, CGA
• SME - Financial Solutions
• SME - Emerging Technology
• SME – Risk Management
• SME – Close, Consolidate and Reporting
• SME – Public Policy
• SME – Financial Solutions
• SME – Supply Chain Management
• SME – Restructuring Business Processes
• SME – Internal Controls and Risk Management
• SME – Activity-Based Costing
Contact information:
Paul_Young_CGA@Hotmail.com

3. Summary
▪ Steel is important industry for both Canada and United States
▪ Both Canada and USA have seen steel plants shutter since 2008
▪ Local content rules will drive steel production, especially as it relates to
infrastructure projects

4. Agenda
▪ Steel Processing Center (Volume % change – Month over Month)
▪ Steel Production (Volume % change – Month over Month)
▪ USA and Steel Tariffs

5. Steel Processing% Volume Change (Month over
Month)
Source - http://americanmachinist.com

6. Steel Production (Month over Month
change)
Source - https://www.worldsteel.org/

7. USA and Steel Tariffs
Source - http://www.huffingtonpost.ca/2018/02/25/nafta-steel-tariffs-canada-us-trade_a_23370442/
Canada is not yet exempted from the potential hit-list. A news report Friday from Bloomberg said
Trump is actually leaning toward the most punitive action possible, which reportedly would be a 24 per
cent worldwide tariff on steel and an aluminum tariff as high as 10 per cent.
The president has also been complaining lately about Canada's trade practices, in public and in
private remarks.
Wynne said she spoke with her gubernatorial counterparts about her fear of what such a tariff would
do to auto prices, as steel-heavy parts criss-cross the border multiple times before winding up in a
finished vehicle.