Section 232: What to Know

Section 232 is part of the Trade Expansion Act of 1962. It gives the president the ability to penalize imports if he decides they pose a threat to national security. 232 Recommendations are Nearing Delivery to the President The Trump administration said it plans to take “major action” once it receives the U.S. Commerce Department’s […]

June 2017 ONI Insight: Market Indicators

The U.S. economy grew by 138,000 jobs in May. This paves the way for the Federal Reserve to raise interest rates in coming days. The unemployment rate fell to 4.3%; the lowest is has been since 2001. The Consumer Confidence Index fell more than expected in May, registering at 117.9, down from April’s reading of […]

Trailer Observation Cameras: Employee Safety Series

At OFR Metals, safety is one of our top priorities. We are constantly making improvements to our everyday tasks to make sure our employees return home safely to their families each and every day. One of the improvements we are currently working on is equipping our trucks with trailer observation cameras to help increase driver visibility. Trailer Observation Cameras […]

May 2017 ONI Insight: Market Indicators

Consumer confidence in the U.S. dipped slightly in April to 120.3 from a 16-year-high of 124.9 in March, however, Americans are still more confident than they were before the 2016 election. Initial indications for the spring do suggest a stronger second quarter. According to the Commerce Department, the GDP report shows the U.S. economy is […]

April 2017 ONI Insight: Market Indicators

U.S. job growth lost steam in March, adding only 98,000 jobs. Economists had been anticipating a gain of about 180,000. The unemployment rate was at 4.5% (down from 4.7% in February), the lowest level in almost a decade. The U.S. trade deficit narrowed in February to a four-month low as imports declined and exports improved […]

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 […]