all right very first Metal Monday on a Wednesday of 2024 with a special guest Justus Trent TR which means 32 32 in Italian you got that that’s how old you are right uh yeah I wish I was still in my 30s but I’m not hey thank you for jumping on thank you for filling in for Brett Brett is in a on a much well-deserved vacation with his family we’re trying to not bother him so gotta guess we I’m dabbling with trying to get maybe more and more special guest to kind of fill in what they’re hearing on the other sides of the country year over in Florida down yeah Southeast Florida so down Fort Lauderdale area Broward County one County north of Miami so about 35 minutes north of Miami so um yeah down here we’re we’re really heavily involved in the export markets I mean we’re really far away from a lot of the domestic Mills so um I guess I’m jumping right into it man uh I know I got some big shoes to fill with brettan out but um you know a lot of talk in December what we

were hearing is that you know January’s going to be up January’s going to be up and uh now we have all these problems in the Red Sea and it looks like export we’re we’re hearing actually offers that are 20 to 25 bucks down from last month right now so now you’re hearing down because I’m hearing in the midwest from my my friend Jake he told me he’s hearing sideways yeah I think domestically we’ve heard from the people that I’ve talked to is sideways but there’s also some sentiment that it could be down um the north right now from what I’ve heard is trading slightly higher than the South and so that might be the only saving grace for the south is that uh you know the north might actually be down this is what I’m hearing um and I’m I I can tell you that export offers are absolutely down right now uh 20 to 25 bucks from last month’s offers actually from last week’s offers uh the problem is is with with the Red Sea right now um The Shipping Lines are talking about raising container rates 500 to a thousand bucks a

container which is significant it’s significant wow so so that’s kind of put a damper in things and you know I think the you know the domestic Market may take advantage of that I I I mean I don’t see why they wouldn’t yeah well we were hearing up up money this month I’m hoping up at this point sideways would be nice but we’re still hoping up in the west um that brat will be the one that closes those deals makes those deals in our areas um I haven’t heard from him he’ll usually let me know once he gets the number which that means he hasn’t got the number so he’s probably still talking to everybody um but everything I’ve been reading here and you know sideways is kind of the norm for this month possibly down unfortunately which a few weeks ago that was in the chatter in the west coast and no not down here either um what about nonfer you guys do a lot of nonfer over there yeah I do a lot of nonfer I would say right now for us you know obviously we we we’re in the we have a

shredder so we we are shredding and we’re doing um uh you know cut grades and nonfer from our other yards as well but I would say the hottest item right now is Zorba I mean Zorba prices are really strong um you know uh up money obviously the lme kind of went up last week and it’s kind of back down a little bit this week but I’d say I’d say the the the Zorba numbers are very strong um uh against some of the other some of the other grades um some of the other domestic aluminum I mean the the the uh the Midwest transaction price is you know down this month so some of those numbers are down um I think the spot Market might be a little bit higher um but uh you know that’s kind of what we’re we’re seeing on the aluminum side Zorba’s hot I mean we’re really trying to shred as much aluminum as we can right now um because the prices on zor are just beating a lot of the other items yeah so we saw a really good run last you know end of the year we saw

a good run in most non-fish Commodities you know we’ve seen a dip this week we’ve seen copper dip back down to the 380 range um you know aluminum still looks strong though you know nickel is what it’s been it’s not a whole lot of movements and um you know the pgms kind you know it’s a little early to tell where all this is going to go um we are hoping that the momentum kind of Carri it over into 2024 like I said it’s early it’s January third yeah and and I was talking to one of my colleagues today and he said you know doesn’t matter you know it’s an election year it doesn’t matter if you’re a democrat or republican or wherever you sit he said usually election years are pretty good so um there is some of that sentiment out there that uh you know you may start seeing inflation go down and maybe even interest rates come down a little bit and I think if that happens you know watch out I think Commodities could potentially benefit umit lined up for a good Commodities here you know with everything you just

said now I’ve we’ve sat here and said that many many times it should do this and then we’re like like it didn’t do you said it was gonna do just buy and sell every day man I think that’s that’s what I’ve learned I mean um if there was one thing I could I would speculate on right now i’ be nickel it would be for me it’s stainless uh and I I guess I would sit on it as long as I could at dies levels uh but we really I mean I don’t speculate but if that’s the one thing I could pick out that’s what I would pick out everything else I think you just got to buy and sell man uh because you just never know I mean like we were just talking about earlier we’re talking about Ferris prices being up everybody was bullish for January and all of a sudden you know you have a turmoil in the Red Sea and you know people attacking container ships and now they’re deciding to divert vessels from going through the Suez Canal in the Red Sea all the way down Around the Horn of

Africa I I think there’s a there we’re sending a destroyer there I mean so it doesn’t really sound good and that you know almost happened overnight I mean I I guess some people could have predicted it but you just never know and that’s why I think in this game you got to just buy and sell man and that’s why it was so interesting about what we do like every it’s a much bigger picture too some Global political things can really make movements and you know Wars and things of that nature can really change the trajectory of where all the markets are going to go so any big movers like that like you said like any adjustments to the interest rates here will cause some Ripple effects up or down you know and everything I read is they’re trying to pull some of those interest rates down this year which will will be nice for a lot of people and we’ll just have to wait and see and and I really thank you for jump on jumping on today you got to do a few more this year you got promise me at least a

few more what hey Nick whatever you need man anything I can do uh you know I I don’t think I can fill in fully for Brett but I’ll do my best man he’s a hard hardest worker I’ve ever met so it’s hard to fill those yeah I know so yeah I’m just I you know I’ll help you out any way I can man I appreciate uh you thinking about me man we appreciate you and thank you everybody H check it out check out Justin go follow him go check out what he’s doing he’s doing a lot of awesome things over there and and we are currently using your uptime pm thank you for with us on that and we are finally getting things up and rolling on that so we appreciate that too yeah man thank you so much I appreciate it Happy New Year happy New Year everybody