March 2017 ONI Insight: Market Indicators

Employers added 235,000 jobs in February, a hefty gain that cleared the path for the Federal Reserve to raise its benchmark interest rate mid-March. U.S. consumer confidence unexpectedly increased in February to the highest level since July 2001 as Americans grew more upbeat about present and future conditions. The Confidence Index increased to 114.8 from […]

February 2017 ONI Insight: Market Indicators

The U.S. economy added 227,000 jobs in January, ahead of December’s gain of 157,000 jobs. The unemployment rate increased a bit to 4.8%. Orders for U.S. capital goods rose more than forecast in December, showing businesses were adjusting investment plans amid prospects for stronger economic growth. More demand for capital goods, including machinery, electrical gear, […]

Metal Roofing: What Options Are There?

In a previous post we talked a little bit about the 5 Benefits to Metal Roofing. We discussed the durability and protection it provides, how it is energy efficient, and about the aesthetics. But, what material options are available for your metal roof? In this post we will delve into a few of the metal […]

January 2017 ONI Insight: Market Indicators

The U.S. added 156,000 jobs in December 2016 and hourly wages rose 10 cents. The unemployment rate ticked up slightly to 4.7% from 4.6% in November. Gas prices are expected to rise to the highest point since 2014, with the possibility that collectively U.S. drivers could shell out $52 billion more at the pump than […]

December 2016 ONI Insight: Market Indicators

The U.S. economy added 178,000 jobs in November, as the unemployment rate fell to 4.6% from 4.9%. This report showed a job market that is continuing to steadily strengthen from the recession. The Wall Street Journal Dollar Index, which measures U.S. currency against 16 others, was recently up 0.6% at 91.88 as the dollar was […]

November 2016 ONI Insight: Market Indicators

U.S. unemployment fell to 4.9% ahead of the election. That is down by half since 2009, when unemployment peaked at 10%. The U.S. economy added 161,000 jobs in October. This was the 73rd consecutive month of job gains for the U.S. economy. Wages also grew in October by 2.8% compared to a year ago. The […]

Day and the Life of an OFR Outside Sales Rep

At OFR Metals our outside sales team is a huge part of our company. While our customers work closely with our inside sales representatives, the outside sales team is who they see on a monthly, weekly, or sometimes daily basis. They are essentially the face of OFR Metals. So, what does a typical day for […]

October 2016 ONI Insight: Market Indicators

Employers added 156,000 jobs in September as the unemployment rate ticked up slightly to 5% from 4.9%. Average hourly earnings increased by 0.2 percentage points as well, bringing the wage gain over the last 12 months to 2.6%. Consumer confidence also rose in September to its highest level since August 2007. The September reading was […]

Trade Case Toolbox: Trade Actions Available to Steelmakers

With news of trade cases filling steel industry media outlets it is important to understand exactly what a trade case is and the different trade actions the U.S. steel industry has available to it regarding international commerce. In a previous post we discussed a brief background on steel trade cases as well as recent activity. […]

September 2016 ONI Insight: Market Indicators

After two months of substantial job gains hiring slowed a bit in August, with the government reporting that employers increased their payrolls by 151,000 workers. The slower job growth may give the Federal Reserve pause toward raising the benchmark interest rate. The official unemployment rate remained at 4.9%, based on a separate survey of households. […]