O’Neal Steel September Market Informer

U.S. Charges Towards Green Energy The U.S. seems well on its path to green energy. President Joe Biden recently signing into law the biggest clean energy investment in U.S. history. The package includes $370 billion in subsidies for solar and wind energy development, electric vehicles, etc. Taking a cue, US Steel and Shell U.S. Gas… Read More

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

Upload PO’s Directly to PRONTO®

Upload Your Purchase Order Directly to PRONTO® We love getting feedback from our customers! In fact, we are excited to announce that in response to customer requests, PRONTO® now offers you the ability to upload purchase orders directly at the checkout screen. For those customers who generate POs within your internal systems and prefer the… Read More

O’Neal Steel April Market Informer

SEC Proposes Publicly Traded Companies Disclose Emissions, Climate Risk Publicly traded companies, required to reveal their intake and output of money, may soon have to disclose the same for carbon dioxide. The Securities and Exchange Commission proposed a new rule March 21, that would require large businesses to issue regular reports on greenhouse gas emissions… Read More

O’Neal Steel February Market Informer

U.S. Economy Grew By 5.7% Last Year Its fastest pace since 1984, rebounding from a sharp but brief coronavirus-induced recession in March 2020. The nation’s gross domestic product, a measure of all goods and services produced, expanded by 5.7% in 2021, the Commerce Department reported on January 27. Growth accelerated even faster during the period… 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 December Market Informer

White House Will Use Infrastructure Money To Address Port Challenges President Joe Biden signed the $1.2 trillion Infrastructure Investment and Jobs Act (IIJA) on November 15. As readers are aware, MSCI and the business community supported this important piece of legislation. Now it appears that bill could have an immediate effect on some of the… Read More

O’Neal Steel November Market Informer

U.S. Service Sector Expands At Record Pace In October The rate of expansion in the U.S. services sector, where most Americans work, hit a record high in October as demand remained strong even as supply chain problems persisted. The Institute for Supply Management reported November 3 that its monthly survey of service industries jumped to… Read More