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Metalwest is one of the nation’s leading metals service centers, focused on processing and distributing non-ferrous and carbon flat-rolled products.
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Metalwest is one of the nation’s leading metals service centers, focused on processing and distributing non-ferrous and carbon flat-rolled products.
April 2020 Insight Guide: Market Indicators
/in Metal Market /by MetalwestThe 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 and Risk Management
/in Safety /by MetalwestTaking 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 […]
March 2020 Insight Guide: Market Indicators
/in Metal Market /by MetalwestThe 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: What is it and how does it help company culture?
/in Inside Metalwest /by MetalwestWhen 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. […]
February 2020 Insight Guide: Market Indicators
/in Metal Market /by MetalwestEconomic 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, […]
5S System: What is it and what does it mean?
/in Quality /by MetalwestThe 5S System is a technique used in Lean Manufacturing to achieve a safe, neat, clean arrangement of the workplace. Everything has a place and is in its place. Where problems in the workplace become obvious and visual. What exactly are the 5S’s in the 5S System and what do they mean? Let’s find out! […]
January 2020 Insight Guide: Market Indicators
/in Metal Market /by MetalwestThe Economy The U.S. economy has expanded for a record of 126 straight months as of December2019. Meaning, the U.S. has avoided a recession for an entire decade for the first time ever. Economists say this is due to the U.S. coming from such a low point at the end of the last decade. Much […]
December 2019 Insight Guide: Market Indicators
/in Metal Market /by MetalwestThe Economy U.S. trade deficit dropped almost 8% in October to a 16-month low. This is largely due to lower imports from China tied to the ongoing trade dispute. The deficit slide to $47.2 billion from a revised $51.1 billion the prior month. If this persists through this month, the smaller gap could boost gross […]
MW Leadership Reflects on Acquisition of Metalwest
/in Inside Metalwest, Q&A Sessions /by MetalwestWith the acquisition of Metalwest by Norfolk Iron & Metal (Norfolk Iron) approaching the 1-year mark, we thought it would be a great opportunity to talk with the members of the Metalwest leadership team to see how they feel about the acquisition and what it means for the two companies. “Going through an acquisition can […]
November 2019 Insight: Market Indicators
/in Metal Market /by MetalwestThe Economy U.S. productivity fell for the first time since 2015 in the third quarter. This reflects a cutback in production as the U.S. economy slowed. Productivity declined at a 0.3% annual rate while economists predicted a 0.6% increase. The U.S. economy added 128,000 jobs in October while the jobless rate edged up to 3.6%. […]