Metal Monday Episode #33 With Nick and Brett, August 16, 2021

Tune into this weeks Metal Monday with Nick and Brett!

Transcription

welcome everybody another metal mondays in here with brett how you doing man doing well by yourself doing good i had a good weekend or last weekend with the the kids before they start school at least and it was fun i like it i like it i celebrated my in-laws 50th uh wedding anniversary this weekend that’s a milestone it’s a big one yeah we had a great time good um i was the dj i heard you killed it i killed it killed it on the dj made the playlist and pushed play i actually pushed shuffle and then push play oh see mixed it up i saw i had a mix you know some clint black some bob marley some uh i mean some doobie brothers no too short no no the crowd party yeah the crowd was not my son my young my old boy was like yeah i think he would have thought that was all right but my in-laws weren’t going for uh too short one thing we did with the kids this week uh which i think would be good for people to try is we did one of those

escape rooms my oldest daughter she’s 15. she loves them she’s been hounding us to do them as a family for a long time and we had a coupon so did you escape three minutes left man we made it and you know we only try to kill each other a few times gets a little nerve wracking in those things but we did it everyone contributed even our youngest who was like pretty nervous about getting yelled at and making us fail yeah but it was a blast man so it was good times well anyway into the market we’re down about seven cents on copper today you know no escaping no shitty copper market no escaping shitty markets on mondays it seems like so the precious metals were off i noticed platinum palladium rhodium were all off this morning and mostly having to do with china from what i can read which with the chinese economy kind of posting some like less than stellar numbers over the weekend i think that’s what you know the dollar gained some traction mm-hmm and combination combination of you know a potentially weaker chinese economy and the dollar gained strength

is never good for the commodities business but um it’s going to be one of those deals it’s like it’s the news cycle i mean one day it’s you know the worst the next day it’s the best it just kind of depends on uh seems like we’re trading between 420 and we’re four feet in the range 450 copper what is a copper 4 30 this morning yeah yeah right now uh 430 432 yeah so i mean really that’s still pretty good you know pretty good it’s not uh it’s not if you’re over four dollar copper right now you know you’re in pretty decent shape the problem is and i think what some people are starting to see out there is the reason that copper is able to hang where it’s at is it’s a supply i think that there’s and there’s still a good pretty decent demand out there for copper you know especially good like number one number two you know copper chops um there’s the demand is there it’s just i feel like the supply is limited um to a certain extent so you have to extend your your willingness to go out

and get it and i think that’s you know obviously like why we developed copper reclaim was because we knew that we didn’t want to wait for our customers to make you know or even potential customers to make a decision we wanted to add one more layer of service to kind of help you know create that you know that create the new customer but also help our existing customer and basically this was supply being tight you got to find more ways to go get the material well supply being tight and another side of that coin is these contractors are so damn busy because they’re putting in crazy hours because they can’t find help yeah so they don’t have time to go recycle it so if we can go to the job site recycle it on the job site and weigh it pay it right there it just covers all the bases and they can keep working and it doesn’t sit in a utility trailer or a garage for you know six months till they get like a free day you know yeah and it’s not even a plug for you know copper reclaim per se

as much as it’s just saying that when you know you right now you win by getting creative and finding ways to get material in the door you know and i think that’s you know one way that we’ve got creative with our business as a whole is just said hey we’re willing to go the extra mile and i think eventually and whether the contractors are busy or not you’re also now kind of pushing the envelope of what’s possible with commodities like copper or converters or whatever you know your higher higher higher value items go to the source and go get them and that’s kind of that’s kind of how we’ve built built our business is just customers service yeah yeah i mean i think that’s how all most successful scrap parents have done it you gotta you gotta have service now the material is not just gonna show up you gotta have service you gotta take care of your customers because if not they’ll just go somewhere else and if they do show up and you treat them like they won’t they’ll go somewhere else so i mean it’s service on the front end and

the back end i mean it’s it’s it’s all the way around you gotta take care of them but uh as far as metal this morning you know it it is what it is it’s a it’s you know aluminum nickel they’re kind of flatten it out a little bit aluminum strong right now i’m seeing some crazy prices come across the board on some items where i’m like oh wow um but uh yeah it feels like you know it feels like that we’re still in a good we’re still in a good run we’re still in it you know just to feel like it’s taking a breath in a few weeks we’ll know what ferris does in september um too i know it’s early to know what that is but you know feels like we’re training around the same new trading spectrum i don’t see i don’t see much gas coming out of the ferris market i mean they took the market down this month um 10 to 20 bucks depending on the grade but uh it definitely feels like that you know that was just because it could not necessarily because it you know i feel

like it depends on what gets delivered this month supply side the demand is there they might people want to buy iron that’s kind of a few people i’ve talked to things like they might give it back in september but we’ll see so time will tell yes sir all right happy monday thanks everybody all right have a great day