all right welcome everybody i’m here with another zoom metal monday we are on our we’re in april officially the second quarter how you doing today brett i’m good man i’m good just uh headed to east idaho um go look at our pipe yards scrapyards see what’s going on check in on the team and see what we can do to keep things moving here in april gotcha gotcha so as we suspected uh ferris did go down what how far did we take a dip you know somewhere around 20 bucks to give or take but around 20 bucks is what it’s looking like right now yeah um across the board cut grade and uh and feed which is to me is crazy and another reason why we are sitting on scrap this month um because i mean you you’re watching the market ripped this morning you taught you biden came out last week talking about infrastructure it’s already hard to get you know new steel new steel prices are still climbing i think that this blip this month um for us we’re we’re sitting you know we’re going to ship some we’re trying to keep the

lights on but this market’s got a lot of legs i think to to go the other direction to go up so i’m not too pushed up about where it’s at this month well the word that the word everyone’s using the expression that’s super cycle you know you think that you think you really will see a super cycle this year i don’t i don’t know i don’t want to predict that i hate like trying to predict like a year or two down the road as much as i just go with my gut and i feel like this market has a lot of room on the scrap side especially just because of the volume there isn’t there isn’t the volume of scrap out there that there was an 07 and 08 i’m sorry it doesn’t exist you know it’s not if the export market even slightly turns on there isn’t the scrap to support the domestic market and the export market so i mean that is like kind of the it’s going to put some really big fuel on this fire um i think it’s going to leave some like my personal opinion i think it’s

going to leave some some domestic steel mills kind of wishing that they might have taken better care of their domestic scrap customers they might be short their volume might might be affected is what you’re saying right yeah because people are gonna they’re gonna go chase the dollar just like you know just like what happened in 0708 and what happened in 11 12. like people are gonna go where the money goes and if they feel like you’ve been kind of giving them a raw deal then they’re gonna they’re gonna adjust and if the export market opens up and then watch out man this this ferris market could get real hot real quick and if you’ve got the scrap you’ve got the material on hand i think you’re going to be holding uh holding something that not a lot of people are right now yep yep yep and copper today on the comex we’re seeing it up 15 currently yeah it’s ripping this morning that’s a reflection of the stock market yeah and that beat you know the jobs report that came out on friday was was real strong um i think the next couple months

could be real strong for our economy so we’ll see i i guess i don’t like to predict too far out but i feel pretty good about the situation that we’re in i feel pretty good about the situation that the scrap industry is in um just given we get a little bit of a little bit of export opportunity it’s going to be really game on on the ferris side sounds good sounds good man how are you you’re seeing visions of it in the non-ferrous i mean you’re seeing what that export copper you know by the chinese being not just willing to but being aggressive on anything that’s a clean copper product whether it’s a number one copper or even chops i mean you’re watching this number get pushed and that’s that’s because that’s because of that and that’s with a stronger dollar than we’ve seen in a while so if we get any any sort of weakness in the dollar and i’m not saying we will but if we do then watch out because i think that the commodities prices they’ve got they’ve got a real um opportunity to explode higher awesome man well

sounds good brad anything else to add share with everybody no just uh i hope i hope you guys had a good easter on your side of the fence we had a good one with the family and hope everybody has a good april and we’ll see you here in about a week it feels like springs feel like spring’s officially here every time i say that in idaho so i know it’s supposed to cool down a little bit this week but it’s supposed to be nice for the fall it looks like we’ll see yeah it was nice this weekend all right thanks everybody uh check us out check us out friday check us out on clubhouse also check us out every monday okay thanks