all right welcome everybody sitting here on what is the date march march 22nd march 22nd round this month out it’s gonna be a bang this is gonna be the last metal monday of march no there’s one more we got one more okay um so what’s iron doing we thought it was gonna look good we’re everyone was thinking april might be up but it looks like that might not be the case i think everybody’s getting cold feet it’s like uh everybody’s getting nervous i mean i i think that prices are you know they feel like prices are coming down the export prices are coming down a lot of us think the dollar is strengthening up you know there’s that big news in turkey yesterday you know that dropped the the lyra i think was like 15 which that doesn’t really help our cause on the scrap side at least for the turkey market um so it’ll be interesting to see on the ferris side what’s what’s going on the price of new steel is still strong i mean they’re setting record highs you know on cold roll hot roll coil i mean so it’s just

hard for me to to believe that the market’s just gonna fall all the way out um but i guess we’ll see well i mean i saw a letter on linkedin from new core to their customers for new still that everything like april 5th or something everything’s going getting hiked up yeah i forget the amount i saw you posted some not the actual articles but just the the headlines from amm yeah about new course first quarter earnings just being off the charts like the best ever yeah you know so i think it’s hard especially when because a lot of our customers they buy new still so they see that and then like or new aluminum you know and here you are telling them like hey you know you’re formula priced so your price of scrap is going to go down in april and they’re like you gotta be me and i’m like no yeah i’m telling you the truth like the price is going down and they’re like well how come the price in new steel we can’t a we can’t buy it if we can buy a spot spot tons or spot materials it’s

it’s egregiously expensive and you’re like hey i’m just the guy i’m the lowest man on the totem pole i’m the scrap guy and you know you have to trust me that the price really is coming down in april so is the supply not are they not able to supply all the orders right now you know essentially there’s there’s definitely more demand on the new steel side than there is on the for the supply you know i mean i think the scrap exists to make it but i think that the steel mills and the tube mills and the rebar mills are you know their supply constrained to a certain extent and you know there’s a lot of capacity coming online later this year and in 2022 that’s going to provide some relief but i think right now if unless the export market continues to suck up tons then the domestic steel mills are going to be able to kind of do what they do which is right now buy cheap scrap and sell expensive new steel okay well copper is holding strong copper has been around that 410 mark 4 15 ish yeah it’s up

up today but all week since last metal monday we’ve seen it hang bounce around 408 all the way 412 415 today which is good i mean it’s kind of we found you know kind of its new median yeah where it probably should be you know now if we see it take a run like to five i i don’t know if that will happen or yeah it’ll be interesting to pay obviously you know pay attention to nickel the price of stainless has came off about a dime at least on the 304 side just because nickel took such a beating the last couple weeks um you know what lead is kind of in that same range it hasn’t came off a dime lettuce lettuce still just kind of hanging around it feels like the export market is a little bit stronger on lead stuff right now than the domestic um platinum palladium rhodium um you saw plate uh palladium come off and then or at least rhodium came off you know almost dipped into the low 20s and then right back up 28 29 again um palladium has been on fire so i mean i think

20 hit 27 50 27 60 last week while i was gone and then it had uh you know platinum still hanging around that like high 11’s to 12. so the converter side of the business the you know personal side of business is strong so there’s a lot to be thankful for the scrap steel price maybe not as much but i think that deal is going to turn around i’m positive about that okay well keep watching it all right man thanks take care