COVID-19 CDC

Our Sales Reps Discuss the Affects of the Pandemic On Business

With the COVID-19 pandemic still affecting the U.S., doing business has changed drastically. While the steel and manufacturing industries were deemed essential, we have had to learn to adapt to the different climate. Between Metalwest and Norfolk Iron & Metal we have several locations throughout the country. Each location has had a different experience with […]

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July 2020 Insight Guide: Market Indicators

The Economy As COVID-19 continues to spread in the U.S., Goldman Sachs revised its GDP expectation for the third quarter. The bank now sees GDP growing 25%, down from the original expectation of 33%. The bank also sees total economic contraction worsening to 4.6% from 4.2%. This is largely due to slower-than-expected recovery in consumer […]

COVID-19 CDC

How the Pandemic Affected the Steel Sector: Opinion

In March 2020, President Trump declared a national emergency under the Stafford Act. This freed up $50 billion in federal resources to combat the coronavirus outbreak. On March 26, Senate unanimously passed the $2 trillion stimulus plan. This gave cash and assistance to U.S. citizens, small businesses, airlines, manufacturers, and more. It also gave an […]

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June 2020 Insight Guide: Market Indicators

The Economy The U.S. economy added 2.5 million jobs in May, a surprising jump as businesses across the nation began to reopen from the COVID-19 shutdown. The unemployment rate fell to 13.3%; this is still high by historical standards, but much better than expected and still an improvement over April’s jobless rate of 14.7%. With […]

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May 2020 Insight Guide: Market Indicators

The Economy The U.S. economy cut a record 20.5 million jobs in April, while the unemployment rate climbed to 14.7%, as the coronavirus pandemic forced businesses across the U.S. to temporarily shut down and lay off workers. Key Indicators The Architectural Billings Index fell by 20.1 points to a score of 33.3 for the month […]

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April 2020 Insight Guide: Market Indicators

The Economy Initial filings for unemployment insurance in the U.S. totaled a record 6.648 million for the week ending March 28. That more than doubled the prior week’s reported total that was also marked a high record at the time. Economists at Bank of America Global Research believe that, even though the current labor market […]

risk management

Risk and Risk Management

Taking Risks Risk is an important part of life. We each have to manage it, often times encourage it, and in some cases, we even try to eliminate it. Typically, we think of positive risk related to growing our retirement accounts, investing in a new home, or maybe taking a leap and buying an investment […]

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March 2020 Insight Guide: Market Indicators

The Economy The U.S. services sector activity jumped to a one-year high in February. This suggests strength in the economy before escalation of recession fears were ignited by the coronavirus epidemic that prompted the emergency interest rate cut from the Federal Reserve. Rates were cut by a half percentage point to a target range of […]

psychological safety

Psychological Safety: What is it and how does it help company culture?

When you visit Google and search the words “corporate culture” you’ll likely be inundated with inspiring articles of what an excellent corporate culture looks like. You’ll be directed to countless studies, surveys, and research pieces reinforcing the notion that a diverse and inclusive workplace is not only an ethical responsibly, but simply good for business. […]

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February 2020 Insight Guide: Market Indicators

Economic News The U.S. economy grew 2.3% in 2019, a slow down from the previous year when the economy grew 2.9%. Consumer spending is expected to remain the top driver of economic growth. January added 225,000 jobs. This is well beyond what economists predicted and is most likely due to an unseasonably warm January. Meanwhile, […]