Global crude steel production fell 6.5% year-over-year to 149.3 million tonnes in July 2022, according to data from the World Steel Association. Crude steel output from China, the world's largest producer and consumer of steel, declined 6.4% to 81.4 million tonnes. Sources also noted issues facing the steel sector such as high iron ore and raw material prices, labor shortages, and weak demand. Articles discussed topics like the use of green steel production methods using hydrogen and reducing emissions, the role of steel in electric vehicles, and developments in the nickel and mining industries which impact steel prices.

1. Steel Sector – Canada
and the United States
PAUL YOUNG CPA CPA
AUGUST 24, 2022

2. Paul Young - Bio
Contact information email: paul.young@ca.ibm.com
LinkedIn: https://www.linkedin.com/in/paul-young-055632b/
SlideShare - https://www.slideshare.net/paulyoungcga
Twitter: https://twitter.com/paulyoungcpa
Youtube - https://www.youtube.com/user/youngercga1968/videos
CPA, CGA (1996)
Academia (PF1, FA4, FN2, MU1. and MS2)
SME – Customer Success Management
SME – Risk Management
SME – Close, Consolidate and Reporting
SME – Public Policy
SME – Emerging Technology
SME – Business Process Change
SME – Financial Solutions
SME – Macro/Micro Indicators
SME – Supply Chain Management
SME – Data, AI, Security, and Platform
SME – Internal Controls and Auditing

3. Agenda
Steel Manufacturing – Canada and USA
Automotive
AI and Analytics
Issues facing Steel

4. Steel Manufacturing Sales
Source – https://worldsteel.org
World Steel - July
2022.pdf

5. Steel Prices
Source - https://www.marketwatch.com/investing/index/steel?countrycode=xx

6. Top
Countries
/ Steel
SOURCE – WORLD STEEL
World Steel - July
2022.pdf

7. Top
Countries
/ Steel
SOURCE – WORLD STEEL
World Steel - June
2022.pdf

8. Steel Manufacturing Sales
2021 Steel stats.pdf

9. Steel
World Steel - June
2021.pdf

10. Steel and Metal Fabrication

11. Global Automotive
Sales
Source – Scotiabank

12. AI and /Analytics - Steel
 AI and Steel Materials - https://www.hannovermesse.de/en/news/news-articles/ai-takes-a-closer-look-
at-steel-materials
 Russian Steel and AI - http://marchmontnews.com/Industry-Manufacturing/North-West/22796-
Russian-steel-giant-benefits-artificial-intelligence--.html
 Asset utilization and maintenance - https://www.machinedesign.com/automation-
iiot/article/21837373/how-predictive-maintenance-is-improving-asset-efficiency

13. Steel
Source -
https://www.businesswire.co
m/news/home/20200824005
567/en/Governments-Stop-
Layoffs-Evraz-Steel

14. Blog – Steel Sector
In a statement accompanying the report, PMA President David Klotz noted the lack of labor as one of several challenges in metal
forming right now. Klotz noted that helping member companies find and maintain employees is “a major focus” for his organization,
and that it was working on a campaign to attract workers to the industry by driving awareness and strengthen workforce training
programs.
While the report did not include a question on the price of materials, Klotz said prices for raw materials are still increasing trouble for
companies engaged in machining and shaping them. “Lead times and skyrocketing prices for raw materials, particularly steel, but also
for aluminum, copper, brass and other metals, continue to grow and now extend into 2022 in some cases,” he said.
https://www.industryweek.com/the-economy/data-and-statistics/article/21176048/metalformers-face-raw-material-price-hikes-and-
labor-shortages?utm_source=IY%20IW%20Daily%20Headlines%20-
%20Morning&utm_medium=email&utm_campaign=CPS210920133&o_eid=7930I4506489J2B&rdx.ident%5Bpull%5D=omeda%7C
7930I4506489J2B&oly_enc_id=7930I4506489J2Bhttps://www.industryweek.com/the-economy/data-and-
statistics/article/21176048/metalformers-face-raw-material-price-hikes-and-labor-
shortages?utm_source=IY%20IW%20Daily%20Headlines%20-
%20Morning&utm_medium=email&utm_campaign=CPS210920133&o_eid=7930I4506489J2B&rdx.ident%5Bpull%5D=omeda%7C
7930I4506489J2B&oly_enc_id=7930I4506489J2B
Addressing critical aspects of productivity, like asset write-off or R&D or all aspects of the circular economy or other areas need to be a
key focus by all levels of government
https://www.slideshare.net/paulyoungcga/steel-sector-canada-and-the-world-august-2021

15. Steel Industry
 Automation - https://www.canadianmetalworking.com/canadianmetalworking/news/covid19/automation-
alley-contributes-to-white-paper-report-on-the-impact-of-covid-19-on-advanced-manufacturing
 Slow growth - https://www.ibisworld.com/canada/market-research-reports/iron-steel-manufacturing-industry/
 Steel market collapse in 2020 -https://tradingeconomics.com/commodity/steel
 Iron-Ore supply - https://economictimes.indiatimes.com/markets/expert-view/china-australia-tensions-could-
disrupt-metals-market-probis-securities/articleshow/76152926.cms?from=mdr
 Wider losses for steel companies - https://www.industryweek.com/the-economy/trade/article/22028262/us-
steel-plunges-as-industry-earnings-reel-with-price-of-metal
 Week demand and over supply - https://www.business-standard.com/article/companies/weak-demand-
oversupply-price-drop-to-hit-steel-sector-in-q2-fy21-ind-ra-120070400508_1.html
 Iron-Ore Production down in 2020 - http://www.tradearabia.com/news/IND_369812.html
 AI and Analytics - https://www.ibm.com/blogs/client-voices/isdemir-improves-steel-production-iot/ or
https://www.metaltechnews.com/story/2020/06/24/mining-tech/shell-ibm-launch-smart-mining-
platform/259.html
 Adjusting to the new norm - https://www2.slideshare.net/paulyoungcga/new-normal-for-canada-and-the-
world
Blog – Steel and Metal Fabrication Sectors – July 2022
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Summary:
LONDON, Aug 23 (Reuters) - Global crude steel production in July fell 6.5% from a year earlier
to 149.3 million tonnes, World Steel Association data showed on Tuesday.
Crude steel output from China, the world's top producer and consumer of the metal, dropped
6.4% to 81.4 million tonnes in July, the data showed.
Source - https://www.nasdaq.com/articles/global-steel-output-falls-6.5-yr-yr-in-july-says-worldsteel
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1. Weekly Steel Production – https://www.argusmedia.com/en/news/2362134 -us-steel-mill-
outages-unlikely-to-shift-market
2. Australia - https://www.argusmedia.com/en/news/2363970 -australian-iron-ore-firms-look-to-
west-africa
3. Nickel - https://www.prnewswire.com/news-releases/canada-nickel-files-technical-report-on-
the-crawford-nickel-sulphide-project-301610775.html
4. Nickel companies - https://investingnews.com/daily/resource-investing/base-metals-
investing/nickel-investing/top-nickel-stocks/
5. Stainless - http://www.sunsirs.com/uk/detail_news-8337.html
6. Mining / Nickel - https://www.eenews.net/articles/biden-admin-eyes-funding-canadian-mining/

16. Other Sources
 If you like to learn more
about trade and/or
other subjects as part of
your professional
learning and
development then feel
free to review my
material on
https://www.udemy.co
m/ (search Paul Young
CPA CGA