Metal Monday #10 with Nick and Brett

April 14th, 2020: Nick and Brett sit down to talk about the current markets. They discuss the non-ferrous markets (Copper, Aluminum, Nickel, and Lead) and also touch on where the ferrous markets may move as we head into April. Their goal is to bring insight on why pricing can change so quickly in the scrap metal industry. Check out the Podcast version by clicking the link below: https://api.spreaker.com/v2/episodes/25505598/download.mp3

Transcription

alright guys here with Brett we are dis in different offices today threats and calls while I’m over in Boise how you doing Brett we’re doing a metal Monday on a Tuesday the markets were closed yesterday and what are the markets looking Brett you know the Faris market is probably the toughest one right now it’s all cut grades over here you’re off 50 55 lots of times it depends shredder pricing they took down even before March was over so I think that that’s gonna have a little bit of more positive balance I think just because there’s a black of their feet out there and we’re in our region anyways there’s a lot so I think that’s gonna help our cause when it comes to that material it just might take a month or so to kind of work through the system it kind of boils down just to supply and demand really it’s like you man I mean the demand is slowing down from the news but it still sounds like they’re still you know okay but the real cosines gonna be how fast that’s gonna drive that that price if they can get

it a little quicker the bead will anticipate and there’s the order both stay decent too strong man that that market could turn on a dime good yeah yeah well that would be awesome and I mean our nonferrous markets this morning all day I mean copper up eight nine cents a day yeah yeah coppers up I mean a little is still pretty free tough market yeah but you know nickel balance a little bit I just look at my phone just looking at the variety but yeah yeah nickel balance proper balance me converter material platinum palladium rhodium that had a good solid day so generally speaking I’m feeling I’m feeling like there’s a the sentiment is a little bit better this we started out compared this you know Oh Monica you know three weeks starting to turn a little bit yeah I get that feeling to dis from all people I talk to and my customers and other people that just feel much more positive out there so yeah but um alright well anything else you’d like that you know I think I’m probably optimistic but I think there’s good times ahead once we dig our

way through this mess I agree and you guys will see us next week with another metal Monday thanks guys take care