Blog – Manufacturing – Steel and Metal Fabrication Analysis and Commentary – June 2023 Summary: World crude steel production for the 63 countries reporting to the World Steel Association (worldsteel) was 161.6 million tonnes (Mt) in May 2023, a 5.1% decrease compared to May 2022. Source - https://www.hellenicshippingnews.com/world-steel-association-may-crude-steel-production-down-5-1/ Additional Links and Key Sources: US steel production - https://www.steelorbis.com/steel-news/latest-news/us-raw-steel-production-up-02-percent-week-on-week-1295133.htm Green Steel - https://www.fnarena.com/index.php/2023/06/22/esg-focus-green-steel-innovation-on-fire/ or https://www.techarenan.news/2023/06/21/h2-green-steel-forges-green-alliance-with-cargill-metals-to-combat-carbon-emissions/ Nickel and Stainless - https://oilprice.com/Metals/Commodities/Stainless-Steel-Prices-Dip-Despite-Nickel-Rebound.html Metal breakthroughs - https://www.proagrimedia.com/news-events/top-5-trends-for-the-metal-working-industry-in-2023/ ESG - https://finance.yahoo.com/news/accountability-7-sustainability-trends-2023-121000353.html Net Zero - https://ca.sports.yahoo.com/news/canada-oil-production-predicted-drastically-173550906.html Biodiversity - https://www.worldbenchmarkingalliance.org/publication/nature/rankings/ Mining - https://source.benchmarkminerals.com/article/more-than-300-new-mines-required-to-meet-battery-demand-by-2035 Top technologies - https://europeansting.com/2023/06/21/this-is-how-to-find-out-which-emerging-technologies-will-next-revolutionize-our-world/

1. Steel Sector – Canada
and the United States
PAUL YOUNG CPA CGA
JUNE 22, 2023

2. Paul Young CGA CPA
Pre-Sales, Business
Development, and
Customer Success
Management SME
• CPA, CGA (1996)
• Academia (PF1, FA4, FN2, MU1. and MS2)
• SME – Customer Success Management
• SME – Risk Management
• SME – ESG and Sustainability Reporting and Policy
Development
• 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
Contact information email:
paul_young_cga@outlook.com
LinkedIn: https://www.linkedin.com/in/paul-
young-055632b/

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

4. Steel Manufacturing Sales
Source – https://worldsteel.org

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

6. By Geo/
Steel
SOURCE – WORLD STEEL

7. Key
Countries
SOURCE – WORLD STEEL

8. Steel Manufacturing Sales
2021 Steel stats.pdf

9. Steel
World Steel - June
2021.pdf

10. Steel Production – USA

11. Steel and Metal Fabrication

12. Electrical Vehicles

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

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

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 – Manufacturing – Steel and Metal Fabrication Analysis and Commentary – June 2023
Summary:
World crude steel production for the 63 countries reporting to the World Steel Association (worldsteel)
was 161.6 million tonnes (Mt) in May 2023, a 5.1% decrease compared to May 2022.
Source - https://www.hellenicshippingnews.com/world-steel-association-may-crude-steel-production-
down-5-1/
Additional Links and Key Sources:
US steel production - https://www.steelorbis.com/steel-news/latest-news/us-raw-steel-production-up-
02-percent-week-on-week-1295133.htm
Green Steel - https://www.fnarena.com/index.php/2023/06/22/esg-focus-green-steel-innovation-on-
fire/ or https://www.techarenan.news/2023/06/21/h2-green-steel-forges-green-alliance-with-cargill-
metals-to-combat-carbon-emissions/
Nickel and Stainless - https://oilprice.com/Metals/Commodities/Stainless-Steel-Prices-Dip-Despite-
Nickel-Rebound.html
Metal breakthroughs - https://www.proagrimedia.com/news-events/top-5-trends-for-the-metal-
working-industry-in-2023/
ESG - https://finance.yahoo.com/news/accountability-7-sustainability-trends-2023-121000353.html
Net Zero - https://ca.sports.yahoo.com/news/canada-oil-production-predicted-drastically-
173550906.html
Biodiversity - https://www.worldbenchmarkingalliance.org/publication/nature/rankings/
Mining - https://source.benchmarkminerals.com/article/more-than-300-new-mines-required-to-meet-
battery-demand-by-2035