Metal Monday Episode #34 with Nick and Brett, August 21st, 2023

It's a rainy Monday in Idaho and Brett and Nick are back to discuss the market. Coppers hanging in there still, PGMs are soft and the market in September looks uncertain following upcoming mill closures. If you'd like to guest star on Metal Monday or have any questions you'd like the guys to answer, text us at: (208) 487-4311. Produced by Recycled Media.

Transcription

foreign weather up front Miss Hillary’s attacking Idaho what did he say this morning like what kind of name is that Hillary like hurricane Hillary I’m like sounds like a pretty damn good name might be fitting it depends what side of the aisle you sit on here it is in Idaho it’s fairly fitting um it’s coming down man yeah it’s raining like I you know shout out to Caldwell night Rodeo we dropped our stage off for uh Indian Creek they shut down the road so we’re glad to help there but I had to pick up the stage during the rainstorm so that kind of sucked yeah so I’m still kind of drenched I’m like damn I wasn’t like prepared for that kind of rain you know yeah I took my my boys to school this morning and uh that my one boy’s like I should just walk I go have you been outside I mean you can walk and he’s like why and I’m like it’s raining pretty good and he’s like oh okay maybe maybe I could give me a ride on the way to work I said yeah I could do that if

you want so he’s like oh thanks Dad but yeah it’s putting rain down over here um the markets are you know nothing too crazy up or down I mean it’s kind of you know middle of the road across the board you know I think pgms are feeling a little bit softer this morning but you know copper is you know hanging around sideways-ish right around that 37 71 771 almost up a penny right now but you know on our way to four dollars we got it so we don’t gotta make some moves here in the next two days yeah we got 10 days Brett I want you to win but if not you know we just get a get more charity out so you know that helps too it’s gonna be interesting to see what these uh Ferris markets do going into September I’m not I’m not a hundred percent sure like I I don’t know this is one of those months like I’ve heard a lot of milk closures potentially in September which then creates a lot of excess material on the market for maintenance yeah and just I think combination of Maintenance

and just the ability to you know the the order books aren’t overly strong that they I think it’s probably a good timing on their on their part um and then you’ve got you know I mean you know new steel prices are coming off so it’s going to be an interesting but then the supply sucks so it’s you know the only thing probably keeping the price relatively decent is the supply of a ferris craft this implies shitty it’s shitty so they have to keep the price somewhere reasonable to keep trying to draw some tons right yeah well I would be really happy to see it go up in September but I’m sure a lot of people would but we’ll wait and see see what happens I’d love to see copper get back to four but again you’re selling aluminum mic on the retail front right now don’t be surprised that your prices are as low as they’ve been in a while like that’s your scrap your local scrap yard is not screwing you that’s just the pricing has came off that far like yeah so just just for for anybody out there that’s not in

the scrap business every day give your local recycling company a uh a little breathing room like the pricing that we’re seeing on everything from old sheet to ubc’s to you know your window frames and all that is Is Not Great relatively speaking to where it has been the last couple years so and aluminum is under a dollar I mean yeah you know it was strong for a long time it’s under a dollar but um maybe are they are they not seeing a lot of Demand on the aluminum side is that the problem you think like what is the price yeah I mean I talked to a guy that’s a pretty seasoned veteran on the aluminum side probably 40 years yeah and he’s like you know I was told early on in my career if you don’t see a bunch of sales before in Spring you can damn near right off the whole year and he goes in this spring looks pretty you know mediocre at best and I think he was right I mean which I think he’s you’re watching the aluminum Market feel the effects of that no not a lot of spring

strength okay and you know this year all the way through the end it could be just a you know not a great you know not a great end of the year for aluminum well everyone stayed dry out there if you’re down in Cali I’ve seen some photos of the Dodger Stadium some serious rain coming down in Cali right now wow it says so stay safe and um everyone have a good week take care everybody thank you