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O’Neal Steel August Market Informer

U.S. Manufacturing Slows Modestly  U.S. manufacturing activity slowed less than expected in July and there were signs that supply constraints are easing, with a measure of prices paid for inputs by factories falling to a two-year low, suggesting inflation has probably peaked. While the Institute for Supply Management survey on August 1 showed a measure… Read More

O’Neal Steel July Market Informer

Survey: 70% of Companies Planning Reshoring or Nearshoring Projects  Seven out of ten U.S. based manufacturing companies are planning to invest in new production capacity closer to their home bases as a result of the global upheavals of recent years, a new survey has found. The robotics and automation arm of global conglomerate ABB recently… Read More

O’Neal Steel June Market Informer

Domestic Aluminum Market Remains Strong As U.S. Industry Investment Hits Highest Level In Decades And 2021 Demand Growth Revised Upward The Aluminum Association released preliminary estimates as part of its monthly Aluminum Situation report showing a 5.3% demand growth for the aluminum industry in North America (U.S. and Canada) through the first quarter of 2022…. Read More

O’Neal Steel January Market Informer

U.S. Manufacturing Rising Several enormous, almost outrageous U.S. manufacturing expansion plans erupted in 2021. In March, Intel Corp. announced that it would construct two new computer chip factories at an investment of $20 billion. Six months later, the manufacturer broke ground on that promise. In April, Nacero Inc. said it would build a lower carbon… Read More

O’Neal Steel October Market Informer

Reshoring on Track to Hit Record Highs in 2021 If present trends hold, we may be in for a boom era of U.S. manufacturing reshoring. The latest report from the Reshoring Initiative projected the U.S. is on track to add a total of 224,213 jobs from abroad in 2021, 38% more than the 161,000 added… Read More

O’Neal Steel September Market Informer

Global Aluminum Production Picks Up In July Global aluminum production totaled 5.75 million tons in July, the International Aluminum Institute (IAI) reported in August. The monthly total marked an increase from 5.57 million tons in June. China, the world’s top aluminum producer, produced an estimated 3.34 million tons in July. The July total marked an… Read More

O’Neal Steel August Market Informer

U.S. Manufacturing Expands Again In July, But Pace Slows Growth in U.S. manufacturing slowed for a second straight month in July amid ongoing supply-chain problems. The Institute for Supply Management, a trade group of purchasing managers, said August 2 that its index of manufacturing activity declined by 1.1 percentage points to a reading of 59.5…. Read More

O’Neal Steel July Market Informer

U.S. Factory Activity Index Rises To Record High In June –Markit A measure of U.S. factory activity climbed to a record high in June, but manufacturers are still struggling to secure raw materials and qualified workers, substantially raising prices for both businesses and consumers. Data firm IHS Markit said on June 23 its flash U.S…. Read More

O’Neal Steel June Market Informer

Manufacturing In May Grows, Still Troubled By Supply Difficulties Optimism is up among surveyed manufacturers after 12 solid months of growth. According to the latest data from the Institute for Supply Management, expansion in manufacturing is still on the rise despite record-long lead times and wide-scale shortages of critical basic materials. The manufacturing sector as… Read More

O’Neal Steel April Market Informer

Regional U.S. Manufacturing Readings Strong In March The U.S. Department of Commerce announced on March 25 that the nation’s economy expanded at a 4.3% annualized rate in the fourth quarter of 2020 after expanding at a 33.4% rate in the third quarter. The growth rate for the last three months of the year was slightly… Read More