all right metal monday march 1st how you doing i’m good man i’m i’m uh excited i mean the february’s over onwards and upwards to march and uh let’s get this started it is crazy we’re in march it’s crazy the run we’ve had so far this 20-21 um and i mean copper came off you know last week i mean what it probably hit its peak to the tuesday when we hit that peak wednesday was it wednesday so thursday friday it really came off like what 10 20 cents yeah from like 4 30 five to at the peak somewhere in that range to 4 10 for somewhere in there at the end on friday yeah i think it’s still around like 4 10 kit co has it 4 15 right now yeah i know but um still i mean shoot six months ago we would have you know begged for 415 copper oh yeah dude we have no if if you’re uh in a scrap business and you’re complaining about 4.15 copper then i’m sorry but like you’re you’re you’re barking up the wrong tree so we’ve been seeing a lot better flow we’ve

got a few electricians that we took care of last week we we hit them at the top you know we got them locked in because you were able to move some material at the top so we’re able to pass that value back down to like the electricians that we we took care of one fifteen thousand pounds in one day and he saved it he told me he saved that stuff for two years yeah so that guy you don’t always win like that when you save for two years but that guy won yeah that guy’s probably would have was prepared to save for eight years yeah he could have he’s building a new property yeah it’s one of those those deals so for us i mean the good thing about higher prices is it does bring some of those deals out of the woodwork that you’ve been kind of working on or chasing or didn’t maybe even know of but hopefully you know this market will sustain itself i remember sitting here about last february march and we were slapping hands and talking about how great and all of a sudden covid was yep starting

and then man it was a show we had jobs going on everywhere we were in denver i was grabbing some windmills we were at we had a lot going on and all of a sudden it was just like the music was about to stop and everybody’s looking for a chair we were in texas filming a podcast and this is right after we locked in a hundred thousand hundred and fifty thousand pound copper like kind of a contract more of a verbal type deal yeah i remember we’re like god the market’s kind of taking a today and then yeah we were in that rom 10 podcast for like two hours by the time we got out of it copper was down like 25 cents and then we were already so we were all happy we were like oh we got 150 000 pounds of copper locked in yeah and then we didn’t have our price locked in but we got to honor our word yeah like if you don’t have you can’t stand on your word like he ain’t going to be in his business long no no we bought all of it and we

took a bath on it for a while but the thing that we did differently i think that well a we didn’t hedge it and um i guess that maybe that’s an argument for the hedgers out there pete thomas i got you pete listening pete we should have hedged it but at the end of the day we actually came out better because we actually didn’t hedge it and we just sat all the way down to two yeah and we wrote it all the way back up you know to a pretty good price so we we came out it it worked in our favor but there for a while it looked it looked like it was gonna be it was gonna be a tough one it wasn’t gonna be good it’s just funny like you put things in perspective like it’s easy to get down on like the market or down like you’re like i like we lost 30 grand on that deal like but when you put in like macro perspective like it really can like for me like that helps me dial myself back in but i’m like god like well dude i totally

forgot about that like you just brought that up i hadn’t even thought about it i was already thinking about march like this year trying to figure out what we’re gonna do so so i just kind of like put things in perspective like oh you know like now things are great and even back then like things were still good i knew we’d come out on top we’d have to be patient and yeah sit but um and everything else looked strong i mean i’m looking on my phone right here playing and plating rhodium still just yeah they took a bath on friday the precious metals did silver included um they’re coming they may they’re making a comeback today copper is kind of hanging around it came up a couple cents um you know i don’t i think that you know nickels getting stronger i sold a bunch of a bunch of stainless on friday um a number i hadn’t seen in a while so i felt pretty good about that um i think that that that market’s got room to run too um ferris prices are going to come up this month um i don’t know

how much but i’m i’m anticipating i’m hoping that we see back to january pricing you know at least this month i think that that’s could be an option the price of new steel is screaming um which is affecting a lot of the uh you know the mill supply for say like on our steel on our corgate steel pipe business i mean supply is getting tougher to come by just because manufacturers that are also trying to buy hot rolled cold rolled steel or running into uh issues which is you know then jams up you know any of that coil they’re making steel pipe cmp out of it jams that up too so definitely supply chain issues right now but the pricing appears to be pretty strong going into march so we’re looking forward to that do you ever see mid month raises on your price i’ve seen it yeah it depends on the relationship you have with uh you don’t see it in the steel mill because you lock in your tons out at the beginning of the month so you you if you’re going to see mid-month raises you’re going to see them

in uh on the shredder side so like so you see them from those shredders yeah but will those steel mills drop you in mid-month though no you don’t like lock the tons you lock the tons now what you can do if the market’s moving up higher and if they anticipate the market moving up higher and let’s say you know you’re going to be able to make your commitment for that month i have seen i think it does happen in a fairly regularly when the market’s moving up is the steel mill try and get ahead of those that that movement and maybe by mid-month add more tons to an existing contract at xyz price so i think that’s about that’s how you would see that mid-month raise but you’d have to add tons to the to the what you’d already sold previously you got it i’ve always kind of wondered how some of those workings go especially like with the when i do hear about it drop mid month and we’re committed it goes back to keeping our word she’s got it yeah you eat it sometimes that is what it is

i mean that’s just the nature of the beast for what we do well cool well you know next week we’ll be able to kind of have some clarity on where march lands and we’ll see where things go yep have a great day thanks