Summary:
World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 143.3 million tonnes (Mt) in November 2021, a 9.9% decrease compared to November 2020.
https://www.worldsteel.org/media-centre/press-releases/2021/November-2021-crude-steel-production.html
1. Steel Prices - https://www.metalbulletin.com/Article/4021339/Latest-news/ArcelorMittal-announces-100t-increase-in-European-long-steel-prices-sources-Exclusive.html
2. Steel Production - https://www.metalbulletin.com/Article/4021339/Latest-news/ArcelorMittal-announces-100t-increase-in-European-long-steel-prices-sources-Exclusive.html
3. Green steel - https://www.mining.com/sweden-could-take-global-lead-in-green-steel-production-report/
4. Global output - https://www.nasdaq.com/articles/global-steel-output-falls-9.9-yr-yr-in-november-worldsteel
5. Laser welding - https://www.thefabricator.com/thefabricator/article/materialshandling/boosting-velocity-in-laser-cutting-even-with-disparate-material-thicknesses
6. Global equipment - https://www.openpr.com/news/2507940/global-construction-equipment-market-is-expected-to-grow-at
7. Chile mining - https://thedeepdive.ca/chile-elects-a-socialist-new-president-is-the-copper-mining-industry-at-risk/
8. Toyota - https://www.bizjournals.com/stlouis/news/2021/12/21/toyota-analyzing-future-troy-missouri-plant-evs.html
9. Green - https://www.dallasfed.org/research/economics/2021/1221
10. Recycling - https://www.linkedin.com/posts/csassara_vestas-kicks-off-us-blade-recycling-as-wind-activity-6877299634151268353-aSOs/
1. Steel Sector โ Canada
and the United States
PAUL YOUNG CPA CGA
DECEMBER 22, 2021
2. Paul Young - Bio
Contact information email: paul.young@ca.ibm.com
LinkedIn: https://www.linkedin.com/in/paul-young-055632b/
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CPA, CGA (1996)
Academia (PF1, FA4, FN2, MU1. and MS2)
SME โ Customer Success Management
SME โ Risk Management
SME โ Close, Consolidate and Reporting
SME โ Public Policy
SME โ Emerging Technology
SME โ Business Process Change
SME โ Financial Solutions
SME โ Macro/Micro Indicators
SME โ Supply Chain Management
SME โ Data, AI, Security, and Platform
SME โ Internal Controls and Auditing
11. AI and /Analytics - Steel
๏ต AI and Steel Materials - https://www.hannovermesse.de/en/news/news-articles/ai-takes-a-closer-look-
at-steel-materials
๏ต Russian Steel and AI - http://marchmontnews.com/Industry-Manufacturing/North-West/22796-
Russian-steel-giant-benefits-artificial-intelligence--.html
๏ต Asset utilization and maintenance - https://www.machinedesign.com/automation-
iiot/article/21837373/how-predictive-maintenance-is-improving-asset-efficiency
13. Blog โ 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 โa major focusโ 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. โLead 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,โ 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
14. Steel Industry
๏ต Automation - https://www.canadianmetalworking.com/canadianmetalworking/news/covid19/automation-
alley-contributes-to-white-paper-report-on-the-impact-of-covid-19-on-advanced-manufacturing
๏ต Slow growth - https://www.ibisworld.com/canada/market-research-reports/iron-steel-manufacturing-industry/
๏ต Steel market collapse in 2020 -https://tradingeconomics.com/commodity/steel
๏ต Iron-Ore supply - https://economictimes.indiatimes.com/markets/expert-view/china-australia-tensions-could-
disrupt-metals-market-probis-securities/articleshow/76152926.cms?from=mdr
๏ต 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
๏ต 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
๏ต Iron-Ore Production down in 2020 - http://www.tradearabia.com/news/IND_369812.html
๏ต 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
๏ต Adjusting to the new norm - https://www2.slideshare.net/paulyoungcga/new-normal-for-canada-and-the-
world
15. Other Sources
๏ต If you like to learn more
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other subjects as part of
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development then feel
free to review my
material on
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m/ (search Paul Young
CPA CGA