all right welcome everybody it is metal monday after thanksgiving how you doing brett i’m doing good man i’m doing uh the markets are a little bit greener today than they were on friday so the turkey hangover isn’t as serious as it was on friday yeah fill everyone in how bad was it friday it got bad it got real bad um i think oil was off like 10 bucks um which was a big driver i mean everything that was commodities whether it was a copper or aluminum copper came off like 15 yeah pgms got smashed nickel got smashed i mean everything there was no uh there was no safe haven to be had and if i understand correctly a lot of that was maybe the driver of another shutdown possibly yeah people were talking about it i mean you were you were saying you talked to uh pete um pete brought it up before the crash yeah he brought that up you know saying hey this is what you guys are potentially looking at and you know ultimately you know that’s the nature of the beast right now it’s just the big upswings big

down swings um in all commodities really i think that’s the something that you just got to be wary of if you need to hedge or not hedge or whatever you got to kind of pay attention to what’s going on worldwide gotcha and like you said today we saw some of it come back not all of it yeah so you know early this morning copper up eight cents it’ll be an interesting week i think even last week it was pretty thinly traded like friday friday’s a thinly traded market most people are kind of asleep with the wheel at best and then all of a sudden when the market starts you know cascading down everybody’s just it gets into that panic cell mode whatever and it’s just big big moves big down swings um so you just kind of got to be be in a position to you know either get ahead of it or or ride that wave so it’ll be interesting this week will kind of be a telltale sign what happens this week and if if we get those get those gains back or get those losses back and in the form of

some gains we’ll see and wednesday will be december and i think the non-ferrous market’s getting hit so hard like that well it can affect the ferris market i think it plays a role yeah um but the ferris market’s very different because it’s a lot more localized you know as far as on the steel side the steel demand that the new steel demand here in the us is still strong so with if it’s still strong then and you know like i know the scrap flow isn’t amazing on the ferrous side not ferrous it’s not as it hasn’t been as slow for us but on the ferris side it’s it’s kind of slowed down and i’m sure if it slowed down for us it’s slowed down for others which you know that’s what drives that that ferrous demand if you can get a decent export market which i feel is coming in 2022 um but we’ll see you know i think it’ll really just be depend on how what steel mill you’re selling to what their inventory position looks like whether they want to carry that inventory into 2022 or not i think every mill

positions differently but uh i feel like that you know the pricing in december could be you know at today’s price or even even better i guess we’ll see in early indications what they look like next day or two and then next monday we’ll have probably a better answer but i also i think that it’s it’s still training positive on the ferris side well that’s good news well everyone stay tuned for next week and we’ll have some more answers have a great day