all right welcome everybody how you doing brett i’m doing good man doing good just uh doing a little mobile metal monday action today as you can see i’m in my house i got my uh scrap life uh sign and everything i love what is that canvas yeah what it is man it’s an old frame that came in as scrap somebody spent some time to make this and it’s pretty good size kind of hard to see in the picture but if somebody’s watching it but it’s uh it is an old frame that came in the iron yard and my mom found it like 10 12 years ago i don’t even realize your mom found it i thought you found it somebody found it and gave it to my mom my mom’s like oh that’s cool i’ll keep it and then dude it just moved from warehouse to shop to i mean that thing’s been hanging around like about to die for a lot of years now i mean and i revived it i got uh i had the shop kind of helped clean up clean it up and then uh we clear coated it

and then i found um somebody to put a scrap life um logo in the middle of a big piece of canvas and stretch it in there so yeah it’s it’s it’s my wife’s getting she loves when i bring home old metal and they start hanging on the walls you know like the first like six months i worked here i kept buying little trinkets and bringing them home oh yeah i kind of got over that eventually yeah all right some people do get over it some people don’t but uh for us you know obviously anything metal i’m always kind of fairly attracted to just because the nature of the beast so it’s monday the 20th and it is another bloody ass monday everything just said well is everything red yep everything except rhodium and gold rhodium gold but everything else the base metals are just getting destroyed man yeah i think the whole deal with china and that ever grande you know everybody’s worried that that economy is slowing down um that and the whole debt ceiling deal is kind of putting pressure on financials everybody’s kind of getting nervous it just feels like everybody’s

you know kind of everybody’s getting nervous right now i guess is the uh if there is a sentiment out there it’s it’s everybody’s scared you know we always talk about we’ve been talking about aluminum for a while aluminum still floating around that 130 mark though you know yeah so that’s killer and then today copper still above four depending where you’re looking you know it’s around 4 20 right now um 4 14 4 15 right now yeah we get back you know still above four um which you know we’ve said this before you know a year year and a half ago we would have been begging for four you know oh i know it’s it’s all relative right it’s all relative to where you paid for the material at in the scrap business um yeah you know what do you what are you buying the material for and i think if i if i can give anybody like any advice out there whether you’re a seller or a buyer or whatever you know you’ve got to understand your margins understand your whole time understand what’s going to take you to get through the system and

process the material um and all that jazz so and be willing to ride out the lumps just kind of like we’ve always said you know it’s never a perfect scenario but you know i mean i’d like to see some of the pgm metals come back a little bit uh yeah we do have some ounces out there but we’re also um you know we’re we’re bullish on those commodities as well in the you know medium term short term it could be bumpy waters but uh medium to long term we’re definitely bullish on those commodities copper aluminum i mean i don’t really see any relief in sight as far as market downside to aluminum i mean the chinese are are cutting production of aluminum and at the same time demand is super bullish for aluminum so it’s kind of creating a uh a supply squeeze which is what’s driving the pricing um which is kind of similar to the steel end um if you pay attention to the iron ore prices as of late they’ve just been getting crushed but that being said it’s because the chinese and some other units are working towards more eaf

style furniture furnaces which eaf style furnaces obviously uh prefer scrap and they use you know they use scrap metal versus iron ore um a little bit more expensive as an input cost but definitely a little bit more uh environmentally friendly so that’s a big deal coming down the line steel mills are running still i mean out of 85 clip on average which is you know nearing that 08 number when you know the peak at 90 was like 92 93 so the you know the demand for new steel is still there i don’t see that market necessarily rolling over um flat line hopefully you know maybe maybe it may be a little slight softening as more material comes available but no you know big big drop in sight on new steel scraps maybe a different animal um you think you’ll see the drop you know especially if the other base metals are softening up but usually going into winter with the logistics issues right now people trying to move material there’s no doubt in my mind that steel mills are buying material the big doubt is that i see out there is our scrap companies

able to deliver the material that they’re selling right yeah so yeah the big question is is logistics supply chain and dumps flatbeds trucks to get the scrap to the steel mills or the shredders is very hard to come by right now you said going into winter is that is that weather driven too if we have some really some really bad weather does that affect 100 it just gums up it makes it even harder you know i mean what you’re seeing in the south with the hurricanes and stuff and you know you’re it’s i mean and then not to mention you know whether it’s you know the covid and you know basically drivers i mean we had a little we had kind of a few of our drivers out they had to kind of sit out for a week or two um because of a covenant you know traced back and whether they tested positive or not you still got to wait and make sure so that kind of took our fleet down for a few days so it’s just i mean you got all these factors um that are playing into the supply chain

and it’s it that’s going to make it even tougher on the steel mills on the outbound side you know shipping material they’ve already sold and you know completed orders and then also on the inbound side on the scrap side so it’s going to be an interesting uh finish to 2021 i believe yeah yeah we’ll see what the last quarter brings you know yeah all right well anything else to add i don’t man i just everybody have a great day um see where this where this train goes all right thank you everybody thank you brett we’ll see everybody in a week