Metal Monday #44 with Nick and Brett

Last Metal Monday of the year, Take a listen to Nick and Brett discuss the Markets and stay tuned for their new years resolutions.

Transcription

all right welcome everybody i’m sitting here with a special final metal monday of 2020 and we are mobile how you doing brett doing good man we couldn’t uh we couldn’t let this last one sneak out on us we are finishing strong even though we’re not exactly in the same spot today as far as location we’re still gonna we’re gonna finish this thing out i think um if 2020 has done anything uh really really good for most people it’s they’ve been forced to learn technology including children you know yeah both my kids run a zoom meeting you know so i’m on that list too people have had to uh adapt a little bit get a little bit better at technology yeah you know my kids are both working uh or doing school remotely like neither one of them really even knew how to like use like a mouse and a keyboard real well well my oldest kind of and now yeah now they’re pros man so it just forces you to adapt yes sir so last night you know i haven’t even looked at what copper did yet this morning it’s pretty much sideways um

okay hanging around that 355 mark somewhere in that range is ripping what was that i said but everything else is ripping i mean yeah silver gold i mean platinum palladiums on a tear right now palladium was up like a hundred and a quarter at some point this morning yeah it’s awful little but i did see that early early this morning but yeah things are closing you know i’m gonna close on a high note it sounds like and you know i think everything’s in january still looking to be real positive yeah i think the ferris market everybody’s talking that up again you know you can see another similar to december increase um so december is going to finish strong and at least today we’ll see what the rest of the week brings um but it looks like on the iron side you know january should set up pretty strong so it should be a good good couple months in a row of being able to move some scrap with some decent pricing i’m interested to see what’s what’s going on with copper i think it finally is taking a breather around where it’s at right

now um that’s that and aluminum aluminum looks pretty strong still yeah nickel nickel could came off a little bit last week um so stainless pricing but the stainless pricing is staying strong just because the fairest component of it so you shouldn’t see a big dip in that if nickel runs up pretty hard past eight bucks in january then your you know your stance pricing should come up as well so let’s talk about nickel real quick nickel primarily affects stainless for us 304 stainless correct and let our listeners know how much you know nickels in 304 stainless well it’s 18 8 so it’s you know it’s 18 chrome 8 nickel and the balance is mostly iron for the most part so with a couple other choice you know you know some small amounts it depends on what it is it mixed in but so the iron price will definitely drive up your stainless price um as will nickel so those are the two two big components that will drive your stance price all right well next week we’ll be able to share everybody um maybe some new year’s resolutions maybe we can hear some new

year’s resolutions and some comments on this post you know that’d be kind of cool to see what everyone’s doing for 2021. yeah i’m about to come up with something something uh this this week what to think of um that i need to do usually i don’t even wait till the new year if i have a problem i need to i’m usually trying to get to that sucker i agree that’s a better way to think like oh i’ll wait till next year to fix that next year but i don’t really have one at the moment but i’ll think of this week of something to just shoot for in 2021 all right all right but have a great uh great day and talk to you there all right thanks everybody bye all right see you