Post on 21-Jan-2016
transcript
Institute for Supply Management
Commodity Panel – MetalsMark Lasky, CEO
Sadoff Iron and Metal CompanyNovember 10, 2015
Sadoff Iron & Metal Co. A 68 Year History in 30 Seconds
Edward H. Rudoy – Block Salvage Company, 1947 Sadoff and Rudoy Industries 1964 Sadoff Iron & Metal Company 2015
9 Locations – 240 Employees Fond du Lac, WI (Arndt St. + Scott St) Berlin, WI Green Bay, WI Sheboygan, WI Manitowoc, WI Oshkosh, WI Lincoln, Nebraska Omaha, Nebraska
Ferrous -Nonferrous - Electronic Scrap
A visual depiction of the metal commodity markets:
Key Ferrous Scrap Market Pricing Indexes
Scrap Commodity Price on Oct.1, 2014 Price on Oct.1, 2015 Price Change Percent Change
No. 1 Dealer Bundles $390 per gross ton $199 per gross ton ($191) (49%)
Shredded Scrap $356 per gross ton $200 per gross ton ($156) (44%)
No. 1 Heavy Melt $343 per gross ton $176 per gross ton ($167) (49%)
Source: Scrap Price Bulletin, October 19, 2015
Statistics and Industry Facts
US Scrap Exports• 2011: 24 million tons (US export record)• 2012: 21 million tons• 2013: 18 million tons• 2014: 15 million tons• 2015: 13 million tons (est)
US Steel Mill Operating Rate
2014: 77.8%2015: 71.6%
Why???
Oct-14 Nov-14 Dec-14 Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15 Jul-15 Aug-15 Sep-15 Oct-152.20
2.30
2.40
2.50
2.60
2.70
2.80
2.90
3.00
3.10
Copper
Copper
Source: American Metal Market, Copper COMEX 1st most active close
Oct-14 Nov-14 Dec-14 Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15 Jul-15 Aug-15 Sep-15 Oct-150.7
0.75
0.8
0.85
0.9
0.95
Aluminum
Aluminum
Source: American Metal Market, Aluminum LME official 3-month bid
Oct-14 Nov-14 Dec-14 Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15 Jul-15 Aug-15 Sep-15 Oct-154.45
4.95
5.45
5.95
6.45
6.95
7.45
Nickel
Nickel
Source: American Metal Market, Nickel – LME official 3 month bid
Mark Lasky, CEOSadoff Iron and Metal Company
(920) 906-5601
www.sadoff.com