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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 […]

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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 […]

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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%. […]

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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 […]

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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 […]

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September 2019 Insight: Market Indicators

The U.S. economy grew at a modest pace in the past few weeks, with manufacturing rocked by a global slowdown according to the Federal Reserve. The ongoing trade war between the U.S. and China appears to be weighing on business according to the U.S. central bank’s latest Beige Book compendium. However, many businesses also remain […]

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Developing Good Safety Habits

Safety Habits Outside of the Workplace Embed from Getty Images Have you ever watched someone walk out of the supermarket, and without even looking for vehicles, step right into the parking lot and begin walking towards their car? I think we’ve all witnessed this a time or two. Maybe there are a few of us […]

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August 2019 Insight: Market Indicators

Economic News U.S. employers added 164,000 jobs in July, as the unemployment rate held steady at 3.7%. This is a little lower than the 165,000 jobs analysts expected. The Architecture Billings Index score for June as 49.1, down from the 50.2 reading in May. Any score below 50 indicates a decrease in billings. The July […]

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July 2019 Insight Guide: Market Indicators

U.S. Economy The U.S. added 224,000 jobs in June, an indication of the economy’s durability after more than a decade of expansion. This is after a weak job growth of just 72,000 in May. The unemployment rate ticked up to 3.7%, up from 3.6% the previous month. Billings at architectural firms were essentially flat in […]

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LEAN Manufacturing: What is it?

LEAN Manufacturing LEAN manufacturing has many definitions. Here at Metalwest, we define LEAN as, “The systematic method to identify and eliminate waste by flowing the product at the pull of the customer.” Let’s look at these underlined elements:     Systematic Method Everything in LEAN is a system – a system that can be analyzed, […]