Leveraging the Latest Technology

The Knowledge Tree
The Knowledge Tree

Leveraging the Latest Technology

Posted on 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 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 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 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

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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

O’Neal Steel October Market Informer

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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

Delivery Notifications

Posted on 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 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 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

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