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. […]

March 2018 ONI Insight: Market Indicators

The U.S. added 313,000 jobs in February, much stronger than economists anticipated and was the largest gain since July 2016. The unemployment rate stayed at 4.1%, the lowest in 17 years. Consumer sentiment inched down at the end of February, but still exceeded expectations after shooting up mid-month. The University of Michigan’s report on consumer […]

February 2018 ONI Insight: Market Indicators

The U.S. added 200,000 jobs in January, an increase from December and the 88th consecutive month of job growth. The unemployment rate was at 4.1%, the same as December and the lowest since 2000. The U.S. economy expanded at a slower pace than projected in the fourth quarter of 2017 on drags from trade and […]

January 2018 ONI Insight: Market Indicators

The U.S. added 2 million jobs in 2017, with 148,000 jobs added in December. The December report was below what economists expected. However, it was still the 87th consecutive month of gains – the longest streak on record. The U.S. trade deficit increased more than expected in November as imports of goods surged to a […]

December 2017 ONI Insight: Market Indicators

The U.S. added 228,000 jobs in November. The unemployment rate was 4.1%, unchanged from October, when it was the lowest since 2000. The U.S. has now added jobs for 86 consecutive months. For the first time since mid-2014, the U.S. economy has sustained 3% growth for two consecutive quarters. The current Conference Board forecast calls […]

November 2017 ONI Insight: Market Indicators

The U.S. added 261,000 jobs in October. Wall Street economists had expected a jump of 325,000. The unemployment rate was 4.1%, the lowest since December 2000. Overall orders for durable goods shot up 2.2% in September (more than the 1.0% increase expected) amid a 5.1% rise in demand for transportation equipment. Shipments rose for an […]

October 2017 ONI Insight: Market Indicators

The U.S. lost 33,000 jobs in September likely due to the hurricanes; it was the first monthly decline in jobs in seven years. The unemployment rate dropped to 4.2%, the lowest since 2001. The Labor Department and economists expect the decline to be short-lived as employers closed by the storms are able to reopen. Orders […]