The Knowledge Tree - O'Neal Steel

O’Neal Steel October Market Informer

Posted on October 8, 2021 by O'Neal Steel

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

Pay your invoices online

Posted on October 4, 2021 by O'Neal Steel

Paying open invoices through our robust customer portal, PRONTO®, will streamline the back-office functions of your business and allow you to make payments conveniently and quickly. View all your open invoices and available credits in one place and consolidate them into a single payment. Using the most advanced technology, PRONTO® Online Bill Pay uses a secure,… Read More

Delivery Notifications

Posted on September 9, 2021 by O'Neal Steel

Make sure you and your team members are in the know… Did you know that O’Neal Steel can send text notifications with updates on when our truck will be arriving with your material? With our Out for Delivery and Next Stop Notifications, we help keep you – and your selected team members – up to… Read More

O’Neal Steel September Market Informer

Posted on September 8, 2021 by O'Neal Steel

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

Posted on August 11, 2021 by O'Neal Steel

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

Posted on July 26, 2021 by O'Neal Steel

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

Posted on June 7, 2021 by O'Neal Steel

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 May Market Informer

Posted on May 10, 2021 by O'Neal Steel

U.S. Steel Imports Rise Nearly 20% From February To March Preliminary U.S. steel imports reached 2.1 million metric tons in March, the Census Bureau reported earlier this month. U.S. steel imports picked up in March from the 1.7 million metric tons brought in during February. The biggest increases came from sheets and hot dipped galvanized… Read More

O’Neal Steel April Market Informer

Posted on April 5, 2021 by O'Neal Steel

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 March Market Informer

Posted on March 11, 2021 by O'Neal Steel

Steel Imports Down 23% In January 2021 Compared To January 2020 Based on preliminary Census Bureau data, the American Iron and Steel Institute (AISI) reported on February 25 that the U.S. imported a total of 2,422,000 net tons (NT) of steel in January 2021, including 1,239,000 net tons (NT) of finished steel (down 23.1% and… Read More

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