O’Neal Steel January Market Informer

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The Knowledge Tree

O’Neal Steel January Market Informer

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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

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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

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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

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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

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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

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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

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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

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