okay metal monday with brett we are live and in the studio today how you doing brett i’m doing good man how about yourself doing good had a great weekend i’m excited to close out july which is insane that we’re gonna be next metal monday’s gonna be in august yeah which is crazy that being said ferris in august what are you hearing you know i’m like a mixed bag um i don’t i’m not getting a lot of positive news but i feel like it’s we’re close to the bottom of the front eye at the bottom so i’m hearing a lot of sideways talk not a lot of up or down as much right now but definitely some sideways talk so which i think a lot of people would be happy to see sideways for a month yeah you know i mean just find some sort of uh you know something you can count on price wise because as you know in the scrap business especially on the ferris side it’s you know you’re the goal is always to get in the material and get it out in the same month right it never really

always works that way some months you have a little more success and in processing and getting stuff through the system some months like this month you know it’s it’s fairly easy for us to get through most of the material because the flows have slowed down yep low volumes low volumes and if you’ve got the processing equipment in place it really allows you to get the through the system so um but when the months are you know when it’s when the price is high and you’re bringing material in and jobs are kicking off and the scale traffic’s busy i mean that’s what almost makes you a little bit more nervous because you’re you’re sitting there going okay unless the price goes up next month i’m going to be holding some inventory so you’re trying to get it through the system you know as fast as you can and get it out the door but sometimes when the flow is real hot and heavy you just can’t you can’t get it all out the door so months like this last month you know unless you’re deciding you’ve made the commitment to stacking some scrap then that’s

a different story you know you’re able to process or you know you’re not as you’re not as motivated to process it because you’re not as worried about trying to get it out that month but uh you know it’s sideways pricing isn’t the worst thing it allows you to kind of get through material if you weren’t able to get through it the previous month obviously all those scrap scrappers want to see it go up but we’d take sideways this next month for us we do have a lot of jobs lined up so it is going to be a little more of a push a little more uh teamwork to get it all the way through but yeah we’ll see we’ll see where really it’s going to be dependent on september it’s so hit and miss right like you know i think the fall will get you know we should see some strength if if the it’s it’s a big deal you know the fed on wednesday they’re going to determine the you know the interest rates again and you’re looking at three quarters of a point you know 75 basis points probably is what is

pretty much baked in any change from that i think creates some positive or negative you know markets but um so go if they if they change course and go half that if they go half i think you see the market you’re going to see it go crazy they go heavy and they go a full point yeah i think you see the metals and the base metals everything kind of get crushed again you know or even farther down but the reality of it is 3 30 to 380 copper is still i mean we would have been slapping each other on the ass you know a year ago on three you know what i mean yeah absolutely so it is what it is but you know you just kind of take good at the bad it’s like anything you get used to that 450 you get everyone talking about five is going to be the new low you know like and then that just didn’t happen we we hit five for like 30 minutes yeah we still got there we got there yeah which was a huge like kind of milestone yes that was crazy you

know and at the time that’s where people like oh it’s still low it’s going to go to 550 you know and then literally like well and i’ve always said like as soon as you get everybody heavily weighted on one side of the trade be ready because it’s coming yeah it’s probably gonna go the other way and even when copper was you know was getting pushed down pushed down i saw some deal on linkedin and people were like oh it’s just going to keep getting smushed and i was like does it have the ability to do that yes but the reality of it is is there’s still probably if people get if you get everybody on the downside of that trade then look for the balance because you’re probably going to get it now how far of a bounce that will be determined but you know which we have the until the end of this week to have it go above 350 for you to win your bet yeah so we’ll see where we go if anybody wants to make bets i’m probably your guy to do it with if you want to win i

wanted to just stay at 3 49. until until monday let go yeah let’s go to 380. oh to be honest like even for me i wouldn’t mind a little bit of a run just because i’ve got some copper that needs to price here in the next probably 30 to 60 days so i’m not it wouldn’t break my heart to see a decent run in copper um and really copper’s the only thing and some of the pgms or so has we saw a recovery on but not seeing much recovery on aluminum or nickel yeah nickel still around that ten dollars you know aluminum buck 20 yeah you know the midwest premium is coming off you know that’s the you know which kind of helps drive that that price on the scrap end because a lot of people are real reliant on that midwest premium for their pricing structures exactly exactly i mean that’s kind of a big part of it um so it’s definitely worth keeping an eye on so 232 tariffs you know coming off potentially plays a big role in that as well when would that when would those fall off your guess

is as good as mine you know they’re just talking about it you know that’s you’re hearing more and more rumblings about it which means probably something you need to pay attention to if that’s your game um but us you know at the end of the day like we’re just trying to do like everybody else’s and just kind of bang through it you know see what these markets these summer markets have to to give us come fall but you know all in all generally speaking business isn’t bad so we got a lot of good jobs so from really good customers lined up for this starting this next month and into the fall into the winter really depending on the weather weather here in idaho the weather swings so dramatically like right it’s supposed to be 106 this weekend yeah you know so we’re going to steal a hot one it’s gonna be a hot week like so even with good pricing the flow’s gonna be kind of shitty and then you know come december january when we’re finishing up some jobs we’re gonna be real reliant on not a lot of snow flying but which

that guess is you know who knows where that’s going to be i know so you don’t ever know just play the cards you’re dealt and do the best you can all right thank you brett thank you everybody everybody have a great week and we’ll talk to you next monday