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 […]
Read More →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 […]
Read More →NIM 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 Norfolk Iron leadership team to see how they feel about the acquisition and what it means for the two companies. “The acquisition of Metalwest […]
Read More →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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Norfolk Iron and Metal Rebrands OFR Metals as Metalwest.
Following our acquisition of O’Neal Flat Rolled Metals, Norfolk Iron and Metal is pleased to announce that OFR Metals will return to its former name, Metalwest, a name equally recognized for quality and service in the flat rolled industry. Norfolk Iron and Metal and Metalwest, a NIM Company, together look forward to servicing your metals […]
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Norfolk Iron & Metal Closes Acquisition of O’Neal Flat Rolled Metals from O’Neal Industries
BIRMINGHAM, AL and NORFOLK, NE, January 2, 2019 Norfolk Iron & Metal Co. (Norfolk Iron), a full-line steel service center, and O’Neal Industries Inc. (ONI), the largest family owned group of metals service centers in the United States, today jointly announced that Norfolk Iron has acquired O’Neal Flat Rolled Metals, LLC (OFR), a wholly-owned subsidiary […]
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Norfolk Iron & Metal is one of the nation's largest carbon steel providers. We always stay true to what got us here: hard work and customer service.
