all right welcome everybody it’s a metal monday on an actual monday i like it and we’re actually in the uh podcast yeah studio yep we’re both you know all the stars aligned and you know i opened my phone this morning like i always do and we had green and red you know green on the precious metal side and red on the basement look like christmas lights you know what’s better than friday was it friday or thursday werewolf there’s blood everywhere it looked like halloween you know that one was halloween today we got christmas you know not all the gifts you get on christmas or what you want but we’ll you a good pair of underwear and some new socks like oh that’s my jam that’s how you have to waste it every year i don’t i try not to buy any until until that comes around anyway so we didn’t know where iron was going to be last last week but i think you’ve got a better idea now where that’s what it is yeah i think it’s anywhere from 30 to some places you know you’re up 50 60. so it depends on

where you’re shipping and what you’re doing with it seems like closer to 30 this on the west coast yeah over here you know we’re dealing with some mill issues and some other stuff sometimes the stars align and sometimes they don’t for you yeah but so is life you know but i think generally speaking you know you could you know should you should be in that you know 30 to 50 range depending on where you’re located at and copper had a pretty rough week um but at the end of the day like shoot it’s still you know close to 450 copper a little a little bit below right now but we’re right there that four coats feels like we’re just like basing out so i feel like we’re just kind of bumping along that 450 to somebody it’s going to make a decision to go lower significantly or higher significantly but it feels like we’re just kind of humming along around that 450 up and down a dime um but i don’t i feel i feel still pretty good about that aluminum right prices are still decent you know i feel like stainless prices is

the price of iron ferrous material climbs you know as long as the nickel hangs in there then your stainless prices are going to stay good so i don’t know we talk about all the time but optimistic about you know the the short to medium term i don’t think inflation’s going anywhere as far as like it’s going to hang around and and that’s always good for commodities yeah um is that because it pushes the dollar down yeah part of it push the dollar down and you know just inflation and products honestly it’s a supply-driven market too right now um i mean every time you i turn around everybody’s out of something right it’s like oh there’s a shortage of this you can’t buy that and it’s because the logistics and the you know the container market’s pretty screwed up um and then you’ve got you know just supply shortages of of everything it’s if it’s not one thing it’s another and you know commodities base metals are no different you know we you know mike my big thing that i i want people to watch is and you know i’ve been calling the price

of ferris to be higher for a while now and i i feel like i’ve been on the right side of it but i think the price of iron is going to go significantly higher if the export market turns on more than it already has i’m not saying it is going to for sure but i’m just saying if you watch that export market and you start seeing that thing push the price of iron is going up it feels like we’ve been waiting for the switch to get clicked for a long time and it just it’s just been like nickel and diming our way up and like you said it feels like the market’s ready to just take a really big jump for you know whatever however long i firmly believe that we’re going to see big iron prices and then typically the commodities tend to kind of follow each other on the metal side you know all of them really you know so like you know our electricians that we deal with i just paid a really big one that does residential mainly they’re four months out to order romex for housing four months and

i asked him why i’m like why why are you thinking he’s like oh big combination and thing you know like how much we’re building around this area and second like the production wasn’t really there during covid so they never they kind of have lower production levels now so the warehouses aren’t as full yeah so they need to be cranking and then they’re you know it’s not that easy once people are allowed to go back to work or shops decide it’s safe to go back to work you can’t just turn a switch you gotta a lot of those employees maybe found somewhere where they wanted to work you know so it’s not that easy so let’s see what happens because we’re hearing that with concrete lumber yeah all the buildings yeah everything you know so it’s going to be an interesting summer there is no doubt but i anticipate higher i anticipate higher iron prices yeah i guess we’ll have to wait in the next few months yeah maybe june july okay all right that’s my prediction of the day i like it thanks everybody all right take care