Blog – What is next for Steel and Metal Fabrication – September 2022 Steel producers continue to look at ways to make cleaner steel Nickel prices continue to fluctuate Canada needs to do more to develop its natural resources sector, like its nickel reserves Canada automotive sectors continues to invest in the manufacturing of electrical and hybrid vehicles Infrastructure gap needs to be addressed. The welding industry continues to look at ways to introduce more automation

1. Steel Sector – Canada
and the United States
PAUL YOUNG CPA CPA
SEPTEMBER 26, 2022

2. Paul Young - Bio
Contact information email: paul.young@ca.ibm.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
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

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. Top
Countries
/ Steel
SOURCE – WORLD STEEL
World Steel - July
2022.pdf

7. Top
Countries
/ Steel
SOURCE – WORLD STEEL
August-2022-crude-s
teel-production-press-release.pdf

8. Steel Manufacturing Sales
2021 Steel stats.pdf

9. Steel
World Steel - June
2021.pdf

10. Steel and Metal Fabrication

11. Electrical Vehicles

12. 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

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

14. 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

15. 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
Blog – What is next for Steel and Metal Fabrication – September 2022
Steel producers continue to look at ways to make cleaner steel
Nickel prices continue to fluctuate
Canada needs to do more to develop its natural resources sector, like its nickel reserves
Canada automotive sectors continues to invest in the manufacturing of electrical and hybrid vehicles
Infrastructure gap needs to be addressed.
The welding industry continues to look at ways to introduce more automation
August-2022-crude-s
teel-production-press-release.pdf
The construction
equipment market size is projected to grow from USD 180.4 billion to USD 223.1 billion by 2027, at a CAGR of 4.3_.pdf
The global robotic
welding market is predicted to surge with a 7.32_ CAGR during the assessment years, 2022-2030.pdf
For the first time,
stainless steel can be 3D printed while maintaining its characteristics.pdf
Environmental
Responsibility Olympic Steel.pdf
Over 120 global
companies adopt ESG reporting metrics World Economic Forum - rules.pdf
US steel producers
expect profit to decline in Q3 2022 — Metal News.pdf
U.S. Steel Exec
Sustainability 'Integral to the Overall Strategy' - TheStreet.pdf
US raw steel
production down 1.7 percent week-on-week.pdf
Rested, relaxed, and
ready to roll.pdf
LME says disclosure
request over nickel meltdown 'without merit' S&P Global Commodity Insights.pdf
Nickel Global Market
Report 2022.pdf
Indonesia’s electric
vehicle batteries dream has a dirty nickel problem.pdf
7 Best Nickel Stocks
to Bet on an EV-Driven Future Investor Junkie.pdf
Iron ore price falls to
two-week low on caution ahead of Fed rate action - MINING.COM.pdf
Siemens Gamesa
calls for support of European wind sector - reNews - Renewable Energy News.pdf
Around the tracks
Vehicle, chip makers cautious despite mostly bullish projections S&P Global Commodity Insights.pdf
Class 8 Truck Fender
New Innovations and Future Expansion 2022-2028 - MarketWatch.pdf
Traffic up but
earnings down at Port of Vancouver - New West Record.pdf
Global infrastructure
investment need to reach $97 trillion by 2040 – American Infrastructure.pdf

16. 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