Metal Monday #17 for June 8 with Nick and Brett

June 8th, 2020: Follow us weekly to keep up with the scrap markets.

Transcription

welcome everybody we’re here with another metal Monday how you doing Brett doing well man yourself doing good so tell us what the market did last week you know actually we didn’t really know which way the ferrous Marcus we’re gonna go we’ve kind of sideways to maybe positive for our region over here going into Utah going on the west coast we know we got a little bit of money not a big big price swing but enough to kind of motivate maybe couple people off the sidelines to bring some iron in so yeah it’s any time the market goes sideways to up you know we’re usually pretty happy especially after so many down months in a row so that’s two months in a row who’s yeah some small ups yeah it seems like at least some stuff I read it I was hoping but I’m always hoping for a little bit more 10 20 bucks you know I’ve been on where you’re going in the grade of the material but yeah well 10 20 bucks is better than you know sideways yeah exactly I can of wah yeah and I’ve told a few of our

customers they’re waiting for some clean ups you know that’s this make them think you know it’s good so that price points are getting close or we can go and do jobs and move the material so you know like your shredders and your Mills yeah so copper got a good got a good run last week I mean shoot I mean I think then the week goes up 10 cents although and another penny today penny yeah it’s come off a little bit it looks like but I mean I’ll 10 10 cents in a week have nothing to sneeze about you know especially on the copper side is that stuff getting pretty easy to move to or people buying it pretty aggressively out there still think that there’s a lack of supply I mean I think that’s going to ease here as everything back up and you know electricians start working again and I still do think you know China is gonna drive that market and they’re gonna go hard at that especially on the the number one the bright wire the number two anything that’s 95% better better I think you’re gonna get you know there’s

gonna be some export demand that’s really gonna push the domestic guys so what about I mean kind of the problem child aluminum it came up but I guess I wasn’t 71 cents on the LME this morning so it enjoyed a little bit of the jobs report positivity that copper got last week as well so I think that you know you saw Nichols came up ya know and with both Faris pricing and nickel coming up you know you should see a couple cents and stainless like three or four grade material which is mostly what we deal with so I think that all in all I mean I’m up you and I are both pretty optimistic people in Jeff yeah I’m almost to a fault sometimes but I think that what it’s trending in the right direction I mean she we had a lot of podcasts we were like yeah okay so I’m at least happy to see that we’re maybe at least on the other side of that hill for a day or two and the end the p.m. geez they’re looking good I mean those are all good and we’re seeing the flow

and the into the yards you know into all our of our yards throughout buys more voters you know buying converters we’re buying copper it’s just people are trying to come in we were open on Saturday for the first time in a few months yeah I saw me borrow scrap was a lot of reports this morning yeah we bought some aluminum and we you know we’d had some people wait you know hold onto a lot of stuff and for some of them we gave him a little bit of reward for that loyalty that they gave us too yeah so always a good thing little rainy out there today is supposed to get nice for this week over here not oh but mm-hmm it’s pretty tough to complain about where we live so okay thanks Brett appreciate you man