Blog - Steel and Metal Fabrication Analysis and Commentary – March 2023 Summary: The World Steel Association (worldsteel) announced details of crude steel production by world countries during the month of February this year. The global output witnessed a marginal decline by 1.0% during the month. As per monthly statistics published yesterday, the global crude steel output totalled 142.4 million tons (Mt) in February 2023. This is down by 1.0% when compared with the same month a year before. The year-to-date output totalled 297.8 Mt, which is down by almost 0.8% from Jan-Feb ‘22 output. Source - https://www.barchart.com/story/news/15465587/global-steel-output-recorded-notable-dip-in-feb-worldsteel Weekly steel production continues to struggle - https://www.barchart.com/story/news/15505944/aisi-posted-dip-in-us-weekly-raw-steel-production Green steel - https://www.smh.com.au/environment/sustainability/in-a-world-desperate-to-go-green-nsw-steel-town-is-providing-a-solution-20230330-p5cwl4.html Dry Ice and Welding - https://www.frasersdirectory.com/redwire/red-d-arc-offers-dry-ice-blasting-for-robotics-weld-lines-and-fixturing/ Metal fabrication sales outlook - https://www.digitaljournal.com/pr/news/2023-2028-metal-fabrication-market-top-growing-regions-business-growth-and-expansion-plans Class 8 truck orders continue to see modest growth - https://www.topmarkfunding.com/class-8-sales-remain-modest-for-january-and-february-2023/ Automotive sales appear to be on an upside for 1Q23 - https://www.coxautoinc.com/news/cox-automotive-forecast-march-2023-u-s-auto-sales-forecast/ Durable goods spending continues to struggle for the past few months - https://www.advisorperspectives.com/dshort/updates/2023/03/27/the-real-goods-on-the-february-durable-goods-data Manufacturers continue to worry about rising costs and labor shortages - https://www.nam.org/supply-chain-rising-raw-material-costs-and-workforce-shortages-top-concerns-for-manufacturers-17080/ Non-capital spending - https://canada.constructconnect.com/canadata/forecaster/economic/2023/03/three-factors-cloud-outlook-for-canadian-non-res-capital-spending or https://www.ecmweb.com/construction/article/21263076/nonresidential-construction-spending-inches-higher

1. Steel Sector – Canada
and the United States
PAUL YOUNG CPA CGA
MARCH 31, 2023

2. Paul Young CPA CGA –
Senior Data and AI Specialist
• CPA, CGA (1996)
• Academia (PF1, FA4, FN2, MU1. and MS2)
• SME – Customer Success Management
• SME – Risk Management
• SME – Close, Consolidate and Reporting
• SME – ESG and Sustainability 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 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. 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:
Close, consolidate, and reporting - https://ibm.box.com/s/ayrascrts6jwrqu0y7etia8a9b1nzv4o
Data Management - https://ibm.box.com/s/9ywac1v9au8txdb5u95ey51qcfsz5jwf
ESG/Sustainability - https://www.youtube.com/watch?v=qyFW4XMEim4
ESG/Sustainability - https://www.ibm.com/products/envizi/scope-1-2-ghg-accounting-reporting or
https://www.ibm.com/products/envizi/scope-3-ghg-accounting-reporting
Risk - https://www.ibm.com/common/ssi/ShowDoc.wss?docURL=/common/ssi/rep_ca/9/899/ENUSLP22-
0109/index.html
Blog - https://www.linkedin.com/pulse/blog-food-hospitality-sector-analysis-commentary-canada-paul-young
Manufacturing - https://ibm.box.com/s/1w6ue7fgklagmzhqc8lnk5suaprzg9b5
Natural Gas - https://ibm.box.com/s/vb86lrsbucbl014q3y918un476vq1vyd

16. Summary
 Steel continues to face many challenges
Blog - Steel and Metal Fabrication Analysis and Commentary – March 2023
Summary:
The World Steel Association (worldsteel) announced details of crude steel production by world
countries during the month of February this year. The global output witnessed a marginal decline
by 1.0% during the month.
As per monthly statistics published yesterday, the global crude steel output totalled 142.4 million
tons (Mt) in February 2023. This is down by 1.0% when compared with the same month a year
before. The year-to-date output totalled 297.8 Mt, which is down by almost 0.8% from Jan-Feb
‘22 output.
Source - https://www.barchart.com/story/news/15465587/global-steel-output-recorded-notable-dip-in-
feb-worldsteel
Weekly steel production continues to struggle - https://www.barchart.com/story/news/15505944/aisi-
posted-dip-in-us-weekly-raw-steel-production
Green steel - https://www.smh.com.au/environment/sustainability/in-a-world-desperate-to-go-green-
nsw-steel-town-is-providing-a-solution-20230330-p5cwl4.html
Dry Ice and Welding - https://www.frasersdirectory.com/redwire/red-d-arc-offers-dry-ice-blasting-for-
robotics-weld-lines-and-fixturing/
Metal fabrication sales outlook - https://www.digitaljournal.com/pr/news/2023-2028-metal-fabrication-
market-top-growing-regions-business-growth-and-expansion-plans
Class 8 truck orders continue to see modest growth - https://www.topmarkfunding.com/class-8-sales-
remain-modest-for-january-and-february-2023/