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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

O’Neal Steel February Market Informer

ISM Report Points To Manufacturing And Services Sector Growth In 2021 Coming off of 2020, which saw myriad ebbs and flows related to the ongoing COVID-19 pandemic, 2021 is expected to point in the direction of economic improvement, for both the manufacturing and services sectors, according to the new edition of the Institute for Supply… Read More