The Knowledge Tree

O’Neal Steel July Market Informer

Posted on July 11, 2022 by O'Neal Steel

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

Posted on June 3, 2022 by O'Neal Steel

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®

Posted on May 4, 2022 by O'Neal Steel

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

Posted on April 1, 2022 by O'Neal Steel

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 March Market Informer

Posted on March 7, 2022 by O'Neal Steel

White House Releases Resource To Guide State, Local Infrastructure Investment According to a new report from the American Road and Transportation Builders Association, 36 percent of U.S. bridges, or about 224,000 spans, need repair work. Nearly 79,000 U.S. bridges should be replaced. It is with this backdrop in mind that last week the White House… Read More

Leveraging the Latest Technology

Posted on March 1, 2022 by O'Neal Steel

Gaining Ground, published by Modern Metals Ron Moreau, Processing Manager at O’Neal Steel, explains, “Our processing specialists have been using SecturaSoft since January 2020. We saw an immediate increase in completed quotes per day. After a short period of time, we saw more than a doubling of our output…” At O’Neal Steel, we believe in… Read More

O’Neal Steel February Market Informer

Posted on February 8, 2022 by O'Neal Steel

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

Posted on January 7, 2022 by O'Neal Steel

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

Posted on December 6, 2021 by O'Neal Steel

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

Posted on November 8, 2021 by O'Neal Steel

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