This document provides an overview of the steel sector in Canada and the United States. It discusses issues facing the Canadian steel industry such as cheap steel imports from China, the impact of US steel tariffs, and Justin Trudeau's inconsistent support for the sector. The author argues the next government needs policies to ensure the competitiveness of steel and other goods-producing industries in Canada.

1. Steel Sector –
July 2020
PAUL YOUNG CPA CGA
JULY 24, 2020

2. Paul Young - Bio
• CPA, CGA
• Financial Solutions
• SME – Business Process Changes
• SME – Risk Management
• SME – Close, Consolidate and Reporting
• SME – Public Policy
• SME – Financial Solutions
• SME – Supply Chain Management
• Academia – Advance Accounting, Public
Finance and Advanced Management
Systems
Contact information:
Paul_Young_CGA@Hotmail.com

3. Agenda
Steel Manufacturing – Canada and USA
Steel Tariffs
Justin Trudeau / Steel
Blog – Steel Sector

4. Introduction
 Steel sector plays vital role in the Canadian
economy. The next government needs to
address issues facing steel along with other
sectors to ensure these sectors are
competitive.
 Steel sector is big sector in provinces like
PQ, ON and SK.
 Trudeau record on goods producing jobs
has been abysmal -
https://www.slideshare.net/paulyoungcga/2
019-election-job-quality-and-employment-
canada-june-2019
 Trudeau record on GDP growth is also not
something he should be bragging about in
terms of success -
https://www.slideshare.net/paulyoungcga/2
019-election-gdp-and-growing-the-
economy-canada-may-2019

5. Steel Manufacturing Sales
STEEL SECTOR HAS NEVER REBOUNDED FROM PRE-2008 RECESSION IN CANADA
CHEAP IMPORTS FROM CHINA HAVE BEEN A BIG ISSUE - HTTPS://GLOBALNEWS.CA/NEWS/4350910/TRADE-TRIBUNAL-STEEL-DUMPING-RULING/
@justintrudeau has been incoherent when it comes to the steel sector!
https://www.jwnenergy.com/article/2019/8/steel-industry-says-hundreds-thousands-canadian-jobs-lost-
ottawas-lng-exemptions/?fbclid=IwAR0KlPE3dtFdUNzCcHaGK1t1POQGAGS-
Txpxu9sHc4q1sZ5fxiSynHNmRmg
@Andrewscheer was part of a govt that promoted many policies that supported Canada as good place to
do business
https://www.slideshare.net/paulyoungcga/2019-election-steel-sector-canada-june-2019

6. Steel Tariffs
Source -
https://www.cbc.ca/news/pol
itics/steel-tariff-pledge-tally-
1.5233292?__vfz=medium%3
Dsharebar

7. Justin Trudeau
/ Steel
 This was stage event that
included only office
workers and not front-line
workers (per my
discussion with steel
worker)

8. Buy Local Steel
 https://windsorstar.com/news/local-news/local-steel-suppllier-angry-after-
chinese-firm-secures-deal-on-canadian-project
 @TerrySheehanMP can you show where you stand up for goods-producing jobs
like the steel sector
 @karen_vecchio
 I do not remember Terry speaking about the loss contract to Windsor firm,
right?

1. https://www.slideshare.net/paulyoungcga/scorecard-government-and-
economic-performance-november-2015-to-april-2020


9. Blog – Steel Sector
"Cargo ships are now undoubtedly bound for
Canada to dump massive amounts of cheap,
subsidized foreign steel into our market,
threatening workers and producers across the
country," he said.”
 https://www.newswire.ca/news-
releases/thousands-of-canadian-steel-jobs-
at-risk-as-trudeau-government-abandons-
key-safeguards-899540638.html

Would you trust Justin Trudeau stand up for steel
workers when he cannot even grasp flow of steel
between Canada and United States?

10. LNG Plant and Steel
Source - https://www.thepostmillennial.com/absolutely-ludicrous-steel-union-boss-on-liberal-decision-to-drop-
tariffs-on-chinese-steel/
Trudeau picks and choose what jobs that he
stands up for across Canada

11. Global Automotive
Sales
Source – Scotiabank

12. North American Production
SOURCE – SCOTIABANK

13. Blog #2 – Steel Sector
@justintrudeau has been incoherent when it comes to the steel sector!
https://www.jwnenergy.com/article/2019/8/steel-industry-says-hundreds-
thousands-canadian-jobs-lost-ottawas-lng-
exemptions/?fbclid=IwAR0KlPE3dtFdUNzCcHaGK1t1POQGAGS-
Txpxu9sHc4q1sZ5fxiSynHNmRmg
@Andrewscheer was part of a govt that promoted many policies that
supported Canada as good place to do business

14. 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

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

16. Next
government
The next government will need to focus on
getting goods to market. Pipelines are very
important to Canada, especially getting oil to
market as well as supporting the steel sector
(tubular, oil rigs, etc.) -
https://www.slideshare.net/paulyoungcga/how-
best-to-get-goods-to-market
Steel sector wants a government that will set up
policies to ensure steel is not dumped into
Canada
Next government needs to focus both taxes and
regulations to ensure Canada is competitive -
https://www.slideshare.net/paulyoungcga/2019-
election-canada-and-global-competitiveness-
may-2019

17. 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