all right welcome everybody we are here for the last uh metal monday of the quarter you know not even a month we’re already a quarter down in the year man which is pretty crazy i can’t believe dude it’s almost april like this week it will flip to april and yeah and it’s wild we’ve had you know for the most part we’ve had some really decent pricing i mean across the board you know today today it’s getting its ass kicked you know today but today’s not a great example still north of four on copper as long as we’re north of four right now you feel like you’re winning that way i feel like we’re good and i i still feel though and this could just be my my optimism my wishful thinking i feel like all these markets are light i feel like they should be higher with everything else going on yeah you know with um with the way like things are ramping back up on manufacturing and just overall production of products it feels better i could be wrong you know it feels like it feels it still feels like it’s primed to

take off that being said iron’s going down in april yeah they are they’re gonna probably start taking it down here in the next day or two like it is yeah i think it’s they’re gonna iron ferris is going down in april which to me is crazy but so is life you hear me complain about it on occasion but overall like there’s not what are you going to do about it you just either you’ve got two options sell it or sit on it just like the rest of the non-ferrous this month right i mean i i guess i appreciate your optimism because we’re sitting on a shitload of scrap we are but uh um but i guess at the end of the day if you have the ability to sit on it and you can i don’t think you’re to get hurt in today’s market um i to be honest like and i’ve said this before but like when the days are like this bloody bread nasty like i want to buy like i don’t like buying when everything’s just hyper green just because then you feel like you’re setting yourself up but like

when it if we if if we lose half the money on everything i’m i’m in like that i know i can buy it right now right that’s the that’s the name of the game in our business so but the problem is when it markets like this not everybody wants to sell so you kind of really start really you start you start shaking down who needs to sell and who wants to sell and who doesn’t need to sell especially when it’s been good when it’s been we’ve seen 420 for 30 430 copper you know you do get those guys that will sit i think it will come back and we’ll see if it does you know but yeah i think on the copper side i think we’re in a good spot i mean i’m not concerned about the copper i’m really i mean there’s not anything that really gives me a big concern i mean i think what we’re facing right now is we’re we’re seeing a strong dollar and that strong dollar is you know is definitely hurting hurting the commodities cause but in my opinion you can’t print the amount of money we’ve

been printing and keep a strong dollar so patients will win this game there’s no doubt obviously hedge yourself sell do what you need to do to make sure you can keep the lights on you know i mean that’s important but i really believed in my stance hasn’t wavered that you know if you’re sitting on metal regardless what it is right now i don’t think you’re going to get hurt just because i don’t think there’s a lot of it out there i mean look at the price of aluminum i mean the reason they say that price is what it is because there ain’t enough yeah i mean i’m sorry they’re just that’s that’s a perfect example and when everything starts ripping again there ain’t enough there ain’t enough out there and that’s why it feels like to me like we’re primed for another run we’re gonna get one and i think on across the board yeah i think so as long as you’re patient as long as you uh have the cash flow ability to stick it out you’ll be good and all we’re able to do is we adjust as as it goes and

we try to take care of your customers try to pay them best we can but also buy it right because we do once we buy it we accrue all the risk you know yeah some people don’t quite understand that you know like even on the ferris side and and it works both ways where ferris goes up the next month and you gain on all those tons you bought yeah but sometimes i’ll like give customers a warning like hey it’s going to be down and then dump zone comes they just dump and i’m like thanks well dude that’s when when i sit next to the account and he’s like what are you guys doing over there what the are you buying i’m like scrap but that’s the business that we’re in yeah you know we just got to keep buying put the right numbers out there you know we you know you you just try to put the pulse on the market where it needs to be where you’re protected i always call it the magic number and i call it to our own guys i say we’re always looking for that magic number where

we’re given the right value to the customer we’re making enough money to keep the lights on yeah and you know and staying competitive now it’s always hard to find that number until you’re like really in it looking at every day quoting it every day and then you can really like kind of fill it and then you know then hopefully by scrap you know because we’re not you know we’re always competing so magic number there you have it folks if there’s a takeaway from today find the magic number all right thanks a great day