Metal Monday Episode #22 with Nick and Brett, May 30th, 2023

Brett and Nick are back with another Metal Monday to talk about pricing across the markets, and this time, not just metals! Make sure to send any questions you'd like the guys to answer to (208) 487-4311

Transcription

foreign how you doing man I’m doing good Bob just uh like we were talking about earlier to Monday on a Tuesday just trying to uh make it happen just trying to cram two days into one day and get this party started these short weeks can always be tough I mean I think uh it’s always good to enjoy that time you know Memorial Day weekend’s always important to remember why we’re celebrating I think you know if a lot of people forget that it’s not lost in my household and I know it’s not lost anymore so I want to give a quick thank you to all the people that gave up the ultimate sacrifice and all the gold star families out there so absolutely man I think that’s the biggest I mean you know I think kids you know they don’t really understand like the they don’t understand the importance of the day because they’re young they don’t really live you know much of a life and so it’s you got to put it in front of them you got to get in front of them try and get them to understand I mean it’s not

like I’m in the military or their mom’s in the military so they don’t they’re not around it or face that battle every day right but it’s still important to get them to understand you know why we live in the country we live in and why we think it’s so great you know my kids are always like Dad why do you make us stop what we’re doing every time we’re watching like a big sporting event whether it’s uh um you know college football game or uh you know a big basketball game or whatever like any time that we’re in the we put the national anthem on right like I just say shut up watch the TV and I don’t want to hear anybody talking right and I’m like really make I’m really adamant of it I’m really adamant about that and and then like yesterday they gave it a good opportunity for him to explain to him why we’re so adamant about it right like that’s why we get to have the stuff we have the freedom that we get to have and so yeah it’s a big day it’s a big day for us

I mean we’re pretty proud Americans are trucks who got flags on them we got flags all over our facilities our hats got flags on them like we roll pretty hard that way you know so it’s a good it’s a good it’s always a good weekend yep it is so where are the markets at today let’s Dive Right In where are the metal markets at today it started off really strong you know I mean initially the Futures were pointing pretty positive I think now you know we’re about almost 11 30 our time like Copper’s off a couple cents um which it started out up a couple cents so you know I think people are trying to digest this debt deal does the debt deal get done China there’s some more numbers come out of China I think tomorrow and Thursday so what is their economy looking like it’s going to be a big driver for the copper Market uh and I think it just it’s going to be a kind of a mix it’s going to be a mixed bag for a little bit while everything shakes itself out yeah yeah absolutely um there was

one thing I was kind of wondering if we could get into um moving forward um other markets besides just metal markets we don’t talk about rubber we don’t talk about papers like where where have you ever where can we find those markets online do you have a good spot for that yeah I mean there’s there’s some good it’s not as uh broadcast as much from a commodity standpoint but I think like the Davis index puts something out uh okay I think there’s an amm I think there’s a few um of these pricing websites that put that that information out I I don’t do enough of that material or handle enough of that material to pay close attention so I’m kind of relying on some of the guys I’m selling a couple loads of cardboard here and there too um so but the the information’s out there I could do a little more research and probably give we could probably put some links on and say okay these are some good some good markets to pay attention to or good ways to pay attention to those markets the rubber Market is it’s its own beast

in and of itself I mean when we talk tires we talk tire wire we talk about you know different mesh sizes of chrome what’s the tdf market look like we internally and we’re still I would say like we’re not experts in those markets either you know by any stretch we’re still learning those as we go and kind of what what makes a good home for XYZ so as we learn more and we develop that business line lower we will probably let um Craig with his new his his new podcast um talking tires let them kind of delve into the those markets where it’s a little more specialized yeah sounds good um any new news on Ferris and going back to Metals I haven’t heard anything you know big lately you know last week everybody was you know nervous this Market was going to drop the bottom out of it again and I think some shredders had started lowering some prices or we’re considering lowering their prices maybe as we get closer to June with flows I’m still hearing flow issues so I’m interested to talk to my buddy Chad LR Brock and we’re gonna

do our Bulls versus Bears podcast um this later this week and kind of dive into what June Market looks like yeah I’m guessing maybe the sentiment isn’t as rough as it was two weeks ago but then again like this thing turns on a dime in a hurry and you know these markets are these Ferris markets especially been pretty volatile as well so I while I still anticipated being down and softening up I don’t know to what extent but I’ll probably have a better answer for that towards the end of this week okay well great next Metal Monday we’ll have a little Clarity on that everyone look out for the Bulls versus Bears with Chad he’s got a lot of great Insight on that as well um so one thing though to add to that real quick is we are we’re moving scrap like and then anytime we get in a market like this our goal is to move scrap so if we’ve got it available we’re trying to get it moved so if that gives you any indication which way we think it’s going like we’re trying to make go away so keep it

moving right yeah absolutely okay well we’ll know more next week on Ferris uh hopefully you know copper doesn’t get back in the 350 360 range it’d be nice if we get closer to 370 380 this week we’ll see what some of that stuff is going on in common another bet lost another another hundred dollars giving up but even though something really wild turns turns the cards so we got one day we got one it is what it is you know all right everyone have a great short week and we’ll see everybody next week all right man take care have a great day thanks