Steel sector continues to face many challenges. 1. Steel production - https://www.bdonline.co.uk/news/imminent-risk-of-steel-production-shutdown-amid-critical-magnesium-shortage/5114345.article 2. Energy crisis - https://www.reuters.com/business/energy/china-power-curbs-are-challenge-steel-mills-industry-group-2021-10-25/ 3. Green steel - https://www.abc.net.au/news/2021-10-25/bluecope-long-road-to-green-steel/100563530 4. Climate change - https://www.ft.com/content/6f378cad-a449-4e43-bb33-ab110a850196 5. Demand - https://spendmatters.com/2021/10/22/commodities-roundup-recovering-steel-demand-in-2021-zinc-surges-housing-starts-fall/ 6. Magnesium - https://www.news.com.au/finance/business/manufacturing/global-car-industry-to-grind-to-a-halt-within-weeks-amid-catastrophic-chinese-magnesium-shortage/news-story/95391646713f4b2f6246b7664881c304 7. Reserves https://www.statista.com/statistics/264953/global-reserves-of-magnesium-by-major-countries/ 8. Magnesium = https://alliancemagnesium.com/en/government-of-canada-invests-in-clean-technology-for-the-mining-industry/ 9. Mining = https://www.osler.com/en/blogs/energy/september-2021/opportunity-knocks-lithium-and-graphite-development-in-canada 10. Canada - https://www.mining.com/canada-invests-12m-extract-magnesium-asbestos-tailings/ 11. BC - https://www.canadianminingjournal.com/news/west-high-yield-updates-magnesium-progress-in-b-c/

1. Steel Sector – Canada and
the United States
PAUL YOUNG CPA CGA
OCTOBER 26, 2021

2. Paul Young - Bio
• 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
Contact information email: Paul_Young_CGA@hotmail.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

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

4. Steel Manufacturing Sales
https://www.worldsteel.org/media-centre/press-releases/2021/september-2021-crude-
steel-production.html
World Steel.pdf

5. Top
Countries
/ Steel
SOURCE – WORLD STEEL

6. Steel Manufacturing Sales
2021 Steel stats.pdf

7. Steel
World Steel - June
2021.pdf

8. Steel and Metal Fabrication

9. Global Automotive
Sales
Source – TD Bank
CommodityPriceRepo
rt_october2021.pdf

10. 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

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

12. 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

13. 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

14. 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