Metal West Blog

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 Metal West

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. […]

Metal West Blog

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, […]

Metal West Aluminum Sheet

5S System: What is it and what does it mean?

The 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! […]

Metal West Blog

January 2020 Insight Guide: Market Indicators

The 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 […]

Metal West Blog

December 2019 Insight Guide: Market Indicators

The 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 […]

Metal West Blog

MW Leadership Reflects on Acquisition of Metalwest

With 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 […]

Metal West Blog

November 2019 Insight: Market Indicators

The 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%. […]

Metal West Blog

October 2019 Insight: Market Indicators

Economy Manufacturing activity in the U.S. contracted for the second month in a row in September, falling to its lowest level in 10 years. The Institute of Supply Management’s manufacturing index dropped to 47.8 last month. U.S. job growth increased in September, with the unemployment rate dropping to 3.5%; payrolls increased by 136,000 jobs. Indicators […]

Aluminum Sheet Metal West

Where the U.S. Steel Industry is Heading: Opinion

  In March 2018, President Trump placed the 25% tariffs on imported steel and 10% tariffs on aluminum to help what he called the “dead” U.S. steel industry. Trump used his authority under Section 232 of the Trade Expansion Act, which required the Commerce Department to determine that the imports threatened national security. Initially, Trump […]