Metal Monday Episode #32 with Nick and Brett, August 7th, 2023

On this Metal Monday, the guys make a new copper bet! Ferrous is still looking sideways, but could be going up. If you'd like to guest star on Metal Monday or have any questions you'd like the guys to answer, text us at: (208) 487-4311. Produced by Recycled Media.

Transcription

foreign like a crisp in the air at night it feels like Falls around the corner I know we’re gonna get a hot spurt coming back at it humid is all get out this has been getting some rain lately so it’s gonna be an interesting it’s gonna be an interesting uh fall I think yeah but that brings me to Ferris markets we didn’t have any Clarity I know back East they saw some up numbers there’s some up money you know being doled out and I think it just depends on your area uh Mill Supply just scrap Supply in general I feel is driving the the price this month more than um say Mill Demand on the new steel side I think scrap is becoming a little harder to come by in certain areas and whether that’s river systems being shut down or you know in the west I mean I would say because the export Market has been still tough which is really just because of the strong dollar I mean I think more than anything it’s we’re not getting we’re not seeing that that big up money or even decent up money compared to

say some other you know some other side so we are anywhere from sideways to up 2010 you know 25 pound the grade is what I’ve been hearing on the streets so sometimes sideways ain’t the worst I’ll take sideways you know sideways I can makes me happier than down yeah so is the strong dollar killing copper is that what took the steam out of it you know I don’t know I think it’s just a Trader’s game I mean should copper have ran all the way to four dollars so quick like I don’t know I mean probably you can make an argument for both sides I posted a picture this morning um on LinkedIn about the uh copper inventory in Shanghai um on their exchange and just kind of the dwindling copper inventory there was an article on Bloomberg that came through um yesterday or this morning I can’t remember but I read it this morning and they were talking about you know a good Jag of the world’s copper inventories held in China and it was just showing how the stockpile has been dwindling so I mean you could probably make a case that inventory

numbers you know and maybe future projected you know volumes needed to Electrify everything maybe there’s there’s so it’s underpriced so there’s still some run in it does the Dollar like the strong dollar maybe put a ceiling on the price I think probably there’s a certain amount of that do we break four dollars this month we haven’t had a good bet in a while yeah you want to make a bet I think we do we break four yeah it’s all right I mean this month this month you’ve got a lot of a lot of months left yeah I want you to win one I think you’re right 386. if we break four doesn’t matter how long it lasts we break four you win okay if you win I will I will make some blessed bags well ultimately like we’ll we’ll make them all together I mean there we go maybe we can get together maybe our families can get together and make them yeah I’m thinking sometime around like when the weather turns a little bit just because I think then that’s what it’s like stuff like that becomes necessary because people aren’t necessarily prepared

when the weather turns it’s like they’re just used to being hot and all of a sudden it’s like oh now it’s cold uh kind of puts them in a bind so that’s at least my my intent maybe this fall will build them what uh the we have a really important question that we were just discussing um where did you take your prom to dinner your senior year in high school uh the fanciest place in Caldwell at the time Caldwell if anyone’s familiar with Caldwell there’s some really nice places now that are a little spendy okay but back when I was in high school one of the nicest places was the little Mexican place called tacos Mexican and we went there and that’s a place that you know at the time would have bullet holes in the walls in the windows sometimes you know it’s one of those places but they have had phenomenal food I had I think there’s still a restaurant there I’m not even sure what it’s called anymore okay but uh how about you El Rodeo or El Rodeo or however but it’s in Mexico it’s a good place downtown that’s

still open yeah yeah it’s just in a really tough like shitty part of Nampa they said that time and it was in the bottom of an old hotel it still is yeah I actually go there after the best Chile Colorado that you’re gonna find at least in my you know my short existence in life if you want a good chili colorado like that’s the spot so we go to my nephew’s basketball games in Nampa yeah they’re always around there so we that’s our tradition we always go there because they have phenomenal food and you wouldn’t think it because it’s in like a really shitty hotel and nothing’s changed like they haven’t changed the chairs they haven’t changed the booths they haven’t changed anything it’s all still the same and if you if you’re a young kid out there trying to date someone take them to a shitty restaurant with amazing food and if they don’t like that let them go you know where you stand let them go yeah there’s your advice for the day so what do you think about scrap I don’t know but I know if you’re gonna go on a

date take them to a shitty shitty looking place with good food and then you’ll know where you standing you’ll know you know who what you’re getting into thank you everybody have a great day