O’Neal Steel July Market Informer

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

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

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

O’Neal Steel April Market Informer

Metal Users Want Section 232 Tariff Relief During Coronavirus Pandemic   The coronavirus pandemic has made its mark on supply chains, leaving some companies looking for relief. For some, that means petitioning for tariff relief, particularly from President Donald Trump’s Section 232 steel and aluminum tariffs. One industry group, the Coalition of American Metal Manufacturers… Read More

Essential Business Designation

Essential Business Designation We Are Open for Business   At O’Neal Steel we understand supporting our customers and our nation during this time is absolutely vital. Please know that the safety of our employees and our customers’ employees is paramount. We have taken additional measures to ensure the continued safety and well-being of our employees,… Read More

Coronavirus Update

As concerns regarding Coronavirus continue to impact many aspects of our personal and professional lives, we wanted to reach out and let you know the steps we are taking in response to this pandemic. As always, the health and safety of our employees and customers is our top priority. With these growing health concerns, O’Neal… Read More

O’Neal Steel March Market Informer

The Latest on Coronavirus, Its Impact on the Economy and the Industrial Metals Sector As most are certainly aware, the coronavirus has rattled markets, lawmakers, health officials, and the industrial metals industry. Last week culminated in an announcement by the World Health Organization (WHO) that it was raising its risk assessment of the coronavirus to… Read More

The Pursuit of Service Excellence

Customer Service is a broad term that can mean different things to different people across the metals industry. At O’Neal Steel, our brand of customer service drives us to understand customer needs, and our service efforts are focused on providing our customers with a top tier experience. We strive to make it easy for customers… Read More

O’Neal Steel February Market Informer

U.S. Consumer Spending Rises Steadily; Inflation Remains Tame U.S. consumer spending rose steadily in December, but tepid income gains pointed to moderate consumption growth this year, which together with slumping business investment likely set the economy on a slower growth path this year. While the report on January 31 from the Commerce Department also showed… Read More

The Impact of E-Commerce in B2B

There is no denying e-commerce has completely revolutionized growth across the globe for businesses. While these platforms were initially targeted toward B2C sales, the acceleration of growth in B2B e-commerce is undeniable. In 2018, business sales through direct websites and other online marketplaces grew to more than $1 trillion—accounting for approximately 7% of all B2B… Read More