Metal Monday #3 with Nick and Brett

February 24th, 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 will possibly be headed for the month of March. Their goal is to bring insight on why pricing can change so quickly in the scrap metal industry.

Transcription

happy Monday could see everybody we’re back we took last Monday off is a holiday so even though we didn’t take the day off of work we actually did to wait the day off of metal Monday so we’re back in full effect and see what happens yeah I’m excited to be back I enjoy doing these metal mondays to give everyone including myself some insight on what’s going on so today we look at some of the non ferrous no copper seems to be off a little bit after last week we were they had a pretty good good week on it until Friday and today it’s trending downward again yeah we’ll see kind of how this week shakes down you know last week we got into the two 60s and two low to 60s and looks like this morning we’re down the high to 50s again so as far as copper goes now not a lot has changed once it took the big initial dive off from the two 80s we’re kind of hanging around and nickel as well I’m in itself a little but not any significant change are you seeing anything besides what’s on

here Brett that’s really changing in the market anything different for you you know the only thing I’ve kind of noticed as of late is it it feels like that there is a little bit more demand for aluminum I don’t the pricing isn’t necessarily great but it does feel to me like there is becoming a little bit more demand in the aluminum market particularly like your secondary items I’m starting to see some movement on those I think the export market at least is kind of pushing that some of the domestic guys maybe there’s not as much a little maybe it’s starting to flush itself to the system but that’s kind of way the feel for me I could be 100% wrong but I’m starting to feel like there’s there’s a lot a lot more there’s a lot more interest in some similar amount of items what what are the secondary markets so everybody can kind of get in some insight on that secondary is anybody for the most part making like a 380 alloy so you know you’re seeing like say Oh like your old sheep for example is is it’s an export item but

you have like your MLC Clips you’ve got you know 61 wheels can go as a secondary item say your pox a high-grade 6061 puck clean cast clean cast aluminum okay as a secondary item its items like that that aren’t like primary extrusion mills where they would take like a sixty one extrusion or a sixty three extrusion or a fifty fifty two you know those are primaries you know secondary items are stuff like that that’s not necessarily an export or it could go export as well because I take a lot of phone calls where people are asking can I get a price on that loan on and it’s people that are in the industry don’t really quite understand like well aluminum is aluminum ya know and this is kind of good to show everyone like there’s a reason why you know there could be a ten cent swing on what the public would probably just see is like it’s all of them yeah so that’s what I kind of like telling people like hey you know whatever great it is like will grade it appropriately and then put it in that category and that’s

why you’ll see you know five to ten cent swings on someone correct well everything else I mean we touch base on mostly sideways on the non-ferrous and we’re almost into March have you heard anything about our ferris March pricing where that’s heading do you know I don’t feel like the ferris prices are gonna go down in March I mean that being said unless there’s something that happens in the you know the world market that affects you know whether it’s a corona corona virus type of event or something like that but it feels like the ferris market should be up at least a strong sideways in March I’m anticipating that going sideways to for our sales so time will the time will tell but I think the ferris market it has a similar feel to the Lumina market as me in the fact that we had a pretty mild winter at least over here and we haven’t the flow hasn’t really just turned on because the pricing is still at a low enough level that we haven’t seen a tremendous amount of flow from auto auto salvages the landfill’s traditionally those things pick up

for us in the spring but definitely feels like it’s at least potentially trending in the right direction yeah and if with all the people I have talked to out there there are a lot of piles waiting to get cleaned up if you get some decent pricing into spring things could definitely pick up in our Valley yeah which we’re hoping for yeah and the way that’s starting to warm up over here believe it or not in Idaho it means supposed to be sixty degrees towards Hanna this week so I won’t take it you know that usually is good for their business generally speaking coming out of spring so on the fairest side you know fairly you know fairly positive well good I’m in a week and when we do this again next Monday hopefully we have a little more insight on that where March be and will keep everybody updated happy Monday go get him guys thanks guys