August 2021 Market Insight Guide
Economic News The U.S. economy most likely gained steam in the second quarter, as massive government aid and vaccinations for COVID-19 fueled travel spending. The possible acceleration would lift the level of GDP above its peak in the 4th quarter of 2019. The U.S. had its largest monthly gain in jobs since August 2020, adding […]
Read More →Industry leaders advocate for four-lane expressway infrastructure improvements
In 2015, industry leaders from Nebraska banded together to advocate for the completion of a four-lane expressway system that would greatly enhance the infrastructure in the Cornhusker state. A group of leaders from companies like Norfolk Iron & Metal, Nucor Steel, Alexander Cattle and Farms, Smeal Fire Apparatus, Scribner Grain, and Citizens State Bank were […]
Read More →July 2021 Market Insight
Economic News The U.S. economy grew at a rate of 6.4% in the first three months of 2021. Economists believe this may be the strongest year for the economy in about seven decades. They also believe the growth this quarter will be enough to push GDP output above the previous peak reached at the end […]
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June 2021 Market Insight
Economic News On Wednesday, the Federal Reserve’s Beige Book, a compilation of anecdotal evidence on economic conditions, said the U.S. economy increased at a somewhat faster rate from early April to late May. However, it still described the pace of economic growth as moderate. The Fed said expanded vaccination rates had the most notable effects […]
Read More →Norfolk Iron & Metal to Name New Parent Organization
NORFOLK, NE, June 2, 2021 — Norfolk Iron & Metal, Co. (“Norfolk Iron”), a full-line steel service center, has announced the creation of NIM Group, a new parent identity for each of its brands: Norfolk Iron and Metal, Metalwest, and Cd’A Metals. In December 2018, Norfolk Iron acquired Metalwest, a leading processor and distributor of […]
Read More →May 2021 Insight Guide: Market Indicators
Economic News The initial reading of the U.S.’s first-quarter economy performance showed that we are still far from normal. However, with more vaccines delivered and business restrictions easing, consumers are feeling more confident about the outlook and are starting to spend more freely. Gross domestic product grew by 1.6% in the first quarter of 2021. […]
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