Blog – Global Steel Production Analysis and Commentary – April 2023
The Brussels-based World Steel Association (Worldsteel) says steel production in the 63 countries reporting to it was up by 1.7 percent in March of this year compared with March 2022.
In the first quarter of this year, output is closer to stable, with the world having produced just 0.1 percent less steel in the first quarter of 2023 compared with the first three months of last year
The 165.1 million metric tons produced this March represents a dramatic 15.9 percent increase from the prior month, when just 142.4 million metric tons of steel was made globally.
Source - https://recyclingtoday.com/news/world-steel-output-march-2023-india-turkey-recycling/
Steel Sector - Canada and the United States - March 2023 - Analysis.pptx
1. Steel Sector – Canada
and the United States
PAUL YOUNG CPA CGA
APRIL 23, 2023
2. Paul Young CPA CGA –
Senior Data and AI Specialist
• CPA, CGA (1996)
• Academia (PF1, FA4, FN2, MU1. and MS2)
• SME – Customer Success Management
• SME – Risk Management
• SME – Close, Consolidate and Reporting
• SME – ESG and Sustainability 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
Contact information email: paul_young_cga@outlook.com
LinkedIn: https://www.linkedin.com/in/paul-young-055632b/
13. 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
15. 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
16. ESG / Sustainability
Blog - The Rise of ESG 3.0 - How the Future of ESG Can Deliver Better Results - https://www.linkedin.com/posts/paul-young-
055632b_the-rise-of-esg-30-how-the-future-of-esg-activity-7034528825854095360-
46L2?utm_source=share&utm_medium=member_desktop
https://www.nasdaq.com/articles/the-rise-of-esg-3.0%3A-how-the-future-of-esg-can-deliver-better-results
Here are a few links:
Circular Economy - https://www.slideshare.net/paulyoungcga/what-is-the-circular-economy-and-how-can-data-and-ai-drive-
outcomespptx-257103318
ESG and Sustainability Reporting - https://www.slideshare.net/paulyoungcga/introductory-to-esg-and-sustainability-
reportingpptx
Data Management - https://www.slideshare.net/paulyoungcga/how-to-solve-data-management-isuses-for-both-the-private-
and-public-sectorspptx
Close, consolidate, and reporting - https://www.slideshare.net/paulyoungcga/close-consolidate-and-reporting-cyclepptx-
256864692
Top Reporting Challenges - https://www.slideshare.net/paulyoungcga/top-reporting-challenges-facing-both-the-private-and-
public-sectorpptx
Data and AI - https://www.slideshare.net/paulyoungcga/leveraging-realtime-analytics-as-part-of-driving-data-and-ai-to-
improve-business-outcomespptx
17. Summary
Steel continues to face many challenges
Blog – Global Steel Production Analysis and Commentary – April 2023
The Brussels-based World Steel Association (Worldsteel) says steel production in the 63
countries reporting to it was up by 1.7 percent in March of this year compared with March 2022.
In the first quarter of this year, output is closer to stable, with the world having produced just 0.1
percent less steel in the first quarter of 2023 compared with the first three months of last year
The 165.1 million metric tons produced this March represents a dramatic 15.9 percent increase
from the prior month, when just 142.4 million metric tons of steel was made globally.
Source - https://recyclingtoday.com/news/world-steel-output-march-2023-india-turkey-recycling/
Additional Links:
USA steel production - https://www.barchart.com/story/news/16069330/aisi-posted-significant-dip-in-
us-raw-steel-production
Green Steel - https://www.thehindubusinessline.com/news/science/why-green-steel-production-will-
not-happen-in-india-anytime-soon/article66766234.ece or https://finance.yahoo.com/news/mit-vet-
wants-revolutionize-steel-105431827.html or https://www.mckinsey.com/industries/metals-and-
mining/our-insights/the-resilience-of-steel-navigating-the-crossroads or
https://gmk.center/en/news/german-industry-will-need-e52-billion-for-decarbonization-by-2050/
Machine tool orders - https://www.amtonline.org/article/us-cutting-tool-orders-totaled-usd196-9-
million-in-february-2023-bringing
Robotics - https://www.globenewswire.com/news-release/2023/04/19/2650423/0/en/Global-Sales-of-
Under-Drive-Lifting-Robot-Is-Expected-T
o-Accelerate-At-A-Whopping-6-3-CAGR-Reaching-US-2-7-Billion-
by-2033-Fact-MR-Report.html or https://www.digitaljournal.com/pr/news/industrial-robotics-market-
forecast-cagr-of-7-75-from-2023-2030-propels-market-size-to-usd-63-355-billion-by-2030
Steel technologies - https://blog.gitnux.com/steel-industry-trends/
Iron-Ore - https://www.ftmmachinery.com/blog/4-types-of-iron-ore.html
Outlook - https://metallurgprom.org/en/news/ferrous-metallurgy/13271-spros-na-stal-kak-ozhidaetsja-
uluchshitsja-na-23-v-2023-g.html
Carbon capturing steel - https://www.reuters.com/business/sustainable-business/bhp-trial-carbon-
capture-with-chinese-steel-firm-hbis-2023-03-27/
Lithium - https://www.bnnbloomberg.ca/lithium-in-china-may-be-bottoming-as-low-margins-hit-
producers-1.1908432