Metal Monday #23 with Nick and Brett

August 3rd, 2020: Some updates from Nick and Brett. Don't forget to check out our charity t-shirts for the Semper Fi Fund: https://umrecycling.com/a-scrap-life-semper-fi/

Transcription

welcome everybody we are here with another metal monday how you doing brett good day how you doing man i’m good man i had a great weekend ready to attack this week and we’re into a new month man do you have any any ferrous details yet yeah i mean it’s trending positive i’m thinking that the market should move up the export market has been going well hopefully that’s enough to keep the domestic guys on their toes a little bit so i’m thinking that we’re going to see up money across the board but i don’t know i guess time will tell i haven’t got any strong indications pricing whatever yet but i’m i’m anticipating a better a better better august pricing than july i read um i just scanned the amm this morning and i saw and mill reopened yeah so and they’re bumping the price on some news still yeah so i mean that’s always a good sign i would you know i would hope at least it would kind of trickle down trends in the right direction i think that’s all we can ask for is i mean in the commodities business it

feels like you get these blips and sometimes you know but if you just sometimes the trend is your friend i guess what they say so you kind of ride the trend a little bit if it feels like there’s some momentum and things are kind of moving then yeah that’s definitely the that’s definitely the goal so i mean non-ferrous markets you know they kind of took a hit a little bit last week at least on the copper side but yeah a little correctly they bounced back this morning that’s looking good nickels looking good aluminum just seems like it’s steadily gaining more strength you know um auto sales were good yeah i mean july auto sales were you know moved at a quicker pace than i think people anticipated so that’s going to help push that aluminum market um for sure so i don’t know it feels like you know we’re it we’re in a positive you know environment for pricing for commodities yeah i feel that way you know obviously i hope that it keeps trending upward and we did have that correction last week which is to be expected i mean a copper

ran so hard so fast like it typically you’ll see a small correction in there yeah um you know in your platinum palladium rhodium that all kind of had a little correction too yep it’s up 10 bucks or so yeah it’s kind of bounced up a little bit yeah so you need some corrections every once in a while i think that’s a healthy it’s a healthy move you know silver came back off a little bit yeah some of those are you know your more industrial metals you know they kind of came back off and i i don’t know i think they’re going to trend it looks like in the right direction which is a big which is a big deal um so i it’s looking august so far is looking decent i’m not complaining anytime it’s sideways to up it feels like it’s a guy stands a chance so we’ll just keep keep on grinding and last week uh you announced we’re doing some t-shirts for charity correct we’ve done it’s been about a week we’ve done like 35 or 40 shirts right now nice which is awesome so thank you everybody that did

that we appreciate appreciate it and the charity appreciates it and i think it’s just a good it’s a good thing to keep keep momentum in our industry and we we shipped them all all the ones that came in before friday we shipped them on friday so those should be out to everybody here this week nice okay all right all right man appreciate it and you guys all have a great week thanks everybody