The Knowledge Tree | O'Neal Steel

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

O’Neal Steel February Market Informer

Posted on February 8, 2021 by O'Neal Steel

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

Chief Financial Officer Named

Posted on January 27, 2021 by O'Neal Steel

O’Neal Steel Names Andria Cleghorn as Chief Financial Officer BIRMINGHAM, AL, January 25th, 2021 – O’Neal Steel announced today the appointment of Andria Cleghorn as Chief Financial Officer effective February 1st. “Andria’s extensive background and proven results in corporate finance will accelerate our growth trajectory and help shape the landscape for our future,” said Tate… Read More

O’Neal Steel January Market Informer

Posted on January 12, 2021 by O'Neal Steel

Newly Launched Aluminum Import Monitoring Program Critical To Trade Enforcement On January 4, the Commerce Department’s International Trade Administration launched a new program to track aluminum trade flows. The Aluminum Import Monitoring and Analysis (AIM) system will serve as an early warning mechanism to help spot trends and shifts in trade flows that might warrant… Read More

O’Neal Steel December Market Informer

Posted on December 7, 2020 by O'Neal Steel

November Sustains Growth In Manufacturing Despite Renewed Labor Shortages Manufacturing activity remained on the up in November despite headwinds, according to the Institute for Supply Management. The ISM’s Purchasing Manager’s Index fell 1.8 points to 57.5% in November from October’s PMI of 59.3%. New orders, production, prices, inventories and imports all continued to grow in… Read More

O’Neal Steel October Market Informer

Posted on October 7, 2020 by O'Neal Steel

U.S. Core Capital Goods Orders Beat Expectations; Business Investment Rebounding New orders for key U.S.-made capital goods increased more than expected in August and demand for the prior month was stronger than previously estimated, suggesting a rebound in business spending on equipment was underway after a prolonged slump. The upbeat report from the Commerce Department… Read More

Aluminum Extrusions

Posted on July 28, 2020 by Michael Pierce

Is Buying in Bulk the Right Move for Your Business? If your business requires aluminum extrusions, it is likely you have considered purchasing direct from an aluminum extruder. “Cutting out the middleman” is a common milestone for growing companies who believe paying the lowest price for their raw materials is an essential step to scaling… Read More

O’Neal Steel July Market Informer

Posted on July 8, 2020 by O'Neal Steel

U.S. Manufacturing Activity Hits 14-Month High U.S. manufacturing activity rebounded in June, hitting its highest level in more than a year as the broader economy reopened, but rising COVID-19 infections threaten the recovery. The Institute for Supply Management (ISM) said on July 1, its index of national factory activity jumped to a reading of 52.6… Read More

O’Neal Steel June Market Informer

Posted on June 5, 2020 by O'Neal Steel

May Sees Biggest Jobs Increase Ever Employment stunningly rose by 2.5 million in May and the jobless rate declined to 13.3% according to data June 5 from the Labor Department that was far better than economists had been expecting and indicated that an economic turnaround could be close at hand. Economists surveyed by Dow Jones… Read More

O’Neal Steel May Market Informer

Posted on May 4, 2020 by O'Neal Steel

Oil Bounces As Investors Bet On The Global Economy Slowly Reopening Oil prices rose once again on April 30 as signs that the global economy is moving towards a slow reopening boost sentiment, and inventory data shows storage demand for the commodity rising slower than expected. West Texas Intermediate has rallied close to 14% on… Read More

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