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.
Steel Sector - Canada and the United States - May 2022.pptx
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
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
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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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