Entries by OFR Metals

October 2018 Market Insight

Economic Indicators The U.S. economy added 134,000 jobs in September, extending the record run of hiring to eight full years. The unemployment rate fell to 3.7%, the lowest since 1969. The Federal Reserve raised interest rates and cemented expectations for another hike this year as they reaffirmed that a strong U.S. economy will probably warrant […]

September 2018 ONI Insight: Market Indicators

The U.S. economy added 201,000 jobs in August. This is slightly above analysts’ expectations. Meanwhile, the unemployment rate remained at 3.9%. Real U.S. gross domestic product grew at an annualized rate of 4.2% last quarter, the Bureau of Economic Analysis reported August 29. That is up from 4.1% in its first estimate. Economists expect growth […]

August 2018 ONI Insight: Market Indicators

The U.S. economy added 157,000 jobs in July while the unemployment rate fell to 3.9%, close to its 18-year low. Meanwhile, consumer confidence rose above expectations in July. The Confidence Board’s index increased to 127.4 in July. The Architectural Billings Index score for June was 51.3 compared to 52.8 in May. Any score above 50 […]

July 2018 ONI Insight: Market Indicators

The U.S. economy added 213,000 jobs in June despite the mounting trade tensions with China. The unemployment rate rose to 4.0%, from 3.8% the previous month. Consumer sentiment in the U.S. rose slightly in June. The index increased to 98.2, below an expected 99.2 by economists surveyed by Thomson Reuters. The primary concerns for consumers […]

Steel in Camping Equipment: What is it Used For

Summer is officially here and that means it is time to get out and explore the world around us. Many people take advantage of the warmer weather by going camping. Did you know that steel is found on a lot of your must-have camping equipment? Let’s take a look at some steel camping equipment! Campfire […]

June 2018 ONI Insight: Market Indicators

The U.S. unemployment rate fell to 3.8% as employers added 223,000 jobs in May – this is after two months of lackluster gains. The consumer confidence index rose to 128 from a revised 125.6 in April, close to an 18-year high. The present situation index climbed to a 17-year high of 161.7 from 157.5 in […]

Weathering Steel: What is it?

Weathering steel, commonly referred to as A606 steel, has recently gained popularity in the architectural world for its distinctive orange-brown oxide (or rust) finish. This layer of rust aids in the resistance to corrosive elements. When weathering steel is produced, it is not rusted. It gradually develops the rust-like appearance as it is exposed to […]

May 2018 ONI Insight: Market Indicators

U.S. jobless rate fell to 3.9% in April, the lowest since 2000. This marks the 91st consecutive month of job gains. The U.S. economy grew at 2.3% in the first quarter of 2018. The pace is equal to the performance for all of last year, but it is below the stronger 2.9% annualized rate recorded […]

April 2018 ONI Insight: Market Indicators

The U.S. added 103,000 jobs in March, while the unemployment rate was at 4.1%. This marks the 90th consecutive month of job growth – the longest streak on record. The Federal Reserve raised interest rates on March 21 by a quarter of a percentage point and signaled that the central bank is on track to […]

Hot Rolled Steel: What it is Used For

I know you are very interested in learning about what hot rolled steel is used for. But guess what Buzz readers, it is actually used for some interesting applications. Like we discussed in the Hot Rolled Steel: How it is Made post, hot rolled steel is the most basic form of steel a mill produces. […]