The document discusses the steel sectors in Canada and the United States. It provides an overview of steel manufacturing sales and prices globally and for top producing countries. It also discusses the automotive industry and how it impacts steel demand. The document outlines issues facing the steel industry such as rising costs of raw materials, labor shortages, and oversupply. It provides sources and links for further reading on topics related to steel production, iron ore supply, the use of AI and analytics in the industry, China's role, and transitioning to greener steelmaking.

1. Steel Sector – Canada
and the United States
PAUL YOUNG CPA CPA
JUNE 22, 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
February-2022-crude
-steel-production-press-release.pdf

5. Steel Prices
Source - https://www.marketwatch.com/investing/index/steel?countrycode=xx

6. Top
Countries
/ Steel
SOURCE – WORLD STEEL
May-2022-crude-stee
l-production-press-release.pdf

7. Top
Countries
/ Steel
SOURCE – WORLD STEEL
May-2022-crude-stee
l-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. Global Automotive
Sales
Source – Scotiabank
commoditynote_2022
-05-31.pdf

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 – Steel and Metal Fabricator Sector – Canada and the World – May 2022
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Summary:
Global crude steel production in May fell 3.5% from a year earlier to 169.5 million tonnes,
World Steel Association data showed on Wednesday.
Crude steel output from China, the world's top producer and consumer of the metal, fell 3.5% to
96.6 million tonnes in May, the data showed.
Source - https://www.tradingview.com/news/reuters.com,2022:newsml_L8N2Y92J9:1 -global-steel-
output-falls-3-5-yr-yr-in-may-worldsteel/
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1. Steel production – https://www.msci.org/u-s-and-canadian-steel-and-aluminum-shipments-
declined-in-may/
2. Iron-ore - https://www.mining.com/web/over-optimism-among-china-steelmakers-behind-iron-
ores-price-plunge/
3. Commodity prices - https://farmdocdaily.illinois.edu/2022/06/inflation-and-commodity-
prices.html
4. ESG - https://www.spglobal.com/commodityinsights/en/market-insights/blogs/metals/062222-
dri-steel-decarbonization-direct-reduced-iron
5. 5G rollouts - https://www.baystreet.ca/stockstowatch/13221/5G-Rollouts-Setting-the-Stage-for-
a-US95-Billion-Infrastructure-Market-by-2030
6. China - https://www.bloomberg.com/news/articles/2022-06-22/china-vows-more-pro-growth-
policies-as-banks-urged-to-step-up
7. Green steel - https://www.greencarcongress.com/2022/06/20220622-arcelormittal.html or
https://www.h2bulletin.com/shape-and-ssab-partner-on-green-steel-for-auto-applications/
8. Gas – https://www.forbes.com/sites/energyinnovation/2022/06/21/americans-are-suffering-
record-pain-at-the-pump-will-congress-provide-electric-vehicle-relief/?sh=475b78fc6ffe
9. Oil https://www.forbes.com/sites/davidblackmon/2022/06/18/the-domestic-oil-industry-is-not-
sustainable-in-bidens-confusing-policy-environment/?sh=4b9c470f55f6
10. Oil and gas - https://vir.com.vn/uncertainty-lingers-on-with-global-oil-and-gas-investment-
94266.html

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