MANUFACTURING CONTINUES TO GROW

This from Milwaukee-based BizTimes Magazine:

Manpower survey shows continued manufacturing, related industry hiring recovery

Employers around the country anticipate more hiring in the third quarter of this year, marking the third consecutive quarter of job growth, according to the latest Manpower Employment Outlook Survey conducted by Milwaukee-based Manpower Inc.. Manufacturing and related industries are among the industries that anticipate continued job growth, the survey says.
Eighteen percent of the more than 18,000 businesses surveyed plan to hire more workers in the third quarter, while eight percent anticipate a decrease – leaving a net employment outlook of +10 percent. Seventy percent of those surveyed expect no change in employment.
“We have been waiting for the labor market to show signs of sustained recovery,” said Jeff Joerres, chairman and CEO of Manpower. “The survey results for the third quarter are indicating a trend of hiring retention that has historically proven to be the positive inflection point of accelerated job growth.”
About nine percent of durable goods manufacturers anticipate hiring more workers, while about 12 percent of non-durable goods manufacturers will increase employment. About 17 percent of companies in the mining sector will hire more employees in the third quarter. About nine percent of the transportation and utilities and eight percent of the construction employers anticipate increased employment as well.
“Although we are still facing a difficult labor market, more employers indicate confidence about the direction of their businesses, and with that comes an intention to increase their workforces,” said Jonas Prising, president of the Americas with Manpower. “We are in the early stages of the job recovery, and although we have a long way to go, the job market will continue to improve from there.”

DALCO FEATURED IN MODERN METALS

You’ll find a terrific article on Dalco Metals in this month’s Modern Metals Magazine.

We’re proud to have been chosen by Modern Metals to talk about our 0.25-inch, 0.25-inch-by-72-inch cut-to-length line, and our 0.187-inch slitters from Braner. Chuck Damore, Executive Vice-President of Braner comments "At Dalco, all of the lines can handle anything from really thin-gauge, soft material to high-strength applications," he says. "[It’s] carbon steel, typically--cold rolled, galvanized, hot-rolled pickled and oiled, hot-rolled black and high-strength materials."

Check out the full article in Modern Metals here.

Jay Talks Welding Opportunities

With all the attention being given to economic sings, the long term shortage of highly-skilled trades people continues, most notably certified welders.

“Companies are reporting drastic shortages of high-skilled welders, especially those with certifications," said Bob Bernini, Vice President of Academics for the Triangle Tech Group. "In fact, according to regional economic development studies, one of the largest industry needs is in metal working.”

The industry has found an unlikely ally: Jay Leno. In this short video, From his Big Dog garage, Leno talks about the opportunities for welding professionals. Thought you’d like to take a look.

Seven Consecutive Months

It’s hard to read any single economic report these days and try to draw long-term conclusions from it. Trends matter more than snapshots, and the good news is that the latest Manufacturing ISM (Institute for Supply Management) Report on Business showed that economic activity in the manufacturing sector expanded in February for the seventh consecutive month, and the overall economy grew for the 10th consecutive month.

We know that a lot of you are working harder (even putting in non-paid time) to get the job done. It sometimes sounds cliché, but we’re in this recovery together and will do everything we can to make this a strong year.

You can check out the complete Report on Business here.

Purchasing's business conditions index at 35-month high

From Purchasing Magazine:

Purchasing magazine's business conditions index jumped to 61.4 this month from 51.2 in January, marking the sixth month of the past seven in which the index was above the 50.0 market that signals growth

The Purchasing index is above the 58.4 manufacturing index reading reported in January by the Institute of Supply Management (ISM) and the highest since the 62.8 reading in April 2007. "Business is still down considerably from 2007-2008 levels," says the purchasing director of a heavy equipment manufacturing firm in Illinois. "However, many customers are still making inquiries about potential equipment purchases in 2010."

Good News for 2010

Is that a sunrise we see? It IS!

In a recent interview, Steve Jagler, executive editor of Biz Times Milwaukee, lists more than ten concrete examples of growth in the Badger State. His message includes:

"The recovery has begun and will pick up steam in 2010. It won't come easily, and it won't come quickly, but we're seeing some very promising trends: In recent polls, 86 percent of BizTimes.com readers say their company will either add jobs or at least maintain the status quo in 2010, and 76 percent say they are optimistic about how their company will do in 2010."

You can read the full article here.

Global Impact on Prices

We often hear things about the global effect on steel prices. Is China buying? Selling? How about freight costs? What is the bottom-line result? At Dalco, we stay on top of prices and trends, both here and abroad. We don't get wrapped up in what 'might happen' or make any knee-jerk reactions. But it helps to know how global markets affect what we all pay for raw materials.

Here's a great example. It's a New York Times report about copper mining entitled "China Willing to Spend Big on Afghan Commerce." We're not reading anything political into it, and we deal in steel, not copper, but it demonstrates that current events can affect pricing and availability in the future. Take a look.