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In this episode of Born Scrappy, I sit down with Craig Weber, Vice President of Global Recycled Scrap at Metal Exchange, for a masterclass on how scrap prices are really set.
Craig has spent 30 years at Metal Exchange. He’s lived and worked in Zurich, Shanghai, and Singapore, building a global view of spreads, hedging, risk, and market structure that very few in our industry truly understand.
We break down what “spot,” “forward,” and “hedge” mean in practice. We talk about how LME and COMEX influence pricing, why volatility has changed forward contracting, and what happens when suppliers don’t understand the risk behind a hedge.
In this episode, we talk about:
👉 Diversifying your buyers
👉 Understanding spreads
👉 Managing contract risk
👉 Practical hedging
👉 LME vs COMEX
👉 Market volatility
👉 And more!
Whether you buy or sell, this episode will sharpen how you think about pricing and risk.
Born Scrappy.
Brought to you by Buddy.
The only marketplace and trade OS built for scrappies, by scrappies.
https://www.tradebuddy.io/
https://www.linkedin.com/company/tradewithbuddy/
WHO IS STU KAGAN ANYWAYS?
27 years in the metal recycling game and still learning and growing…
I learnt from the best and worked my way up from yard labourer to Executive Director of Trading and Operations for the largest metal recycler in sub-Saharan Africa. Responsible for 4,500 employees, 85 sites, and the overall profitability of a multi-billion dollar operation.
I brought my breadth and depth of knowledge to bear and co-founded the fastest growing, most-loved, and most awarded metal recycling company in New Zealand.
I thought it was time that tech worked for our industry, so I built THE killer scrap app, Buddy - built for scrappies, by scrappies.
Father of two crazy-awesome boys. Husband to Lisa. Kids rugby coach. YPO member. Founder. Lifelong learner. Mentee. Mentor. Committed Stoic. Undefeated dance-off champion.
COME SAY HI ON LINKEDIN
https://www.linkedin.com/in/stukagan/
https://www.linkedin.com/company/born-scrappy/
https://www.linkedin.com/company/tradewithbuddy
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By Stu Kagan
5
33 ratings
Send a text
In this episode of Born Scrappy, I sit down with Craig Weber, Vice President of Global Recycled Scrap at Metal Exchange, for a masterclass on how scrap prices are really set.
Craig has spent 30 years at Metal Exchange. He’s lived and worked in Zurich, Shanghai, and Singapore, building a global view of spreads, hedging, risk, and market structure that very few in our industry truly understand.
We break down what “spot,” “forward,” and “hedge” mean in practice. We talk about how LME and COMEX influence pricing, why volatility has changed forward contracting, and what happens when suppliers don’t understand the risk behind a hedge.
In this episode, we talk about:
👉 Diversifying your buyers
👉 Understanding spreads
👉 Managing contract risk
👉 Practical hedging
👉 LME vs COMEX
👉 Market volatility
👉 And more!
Whether you buy or sell, this episode will sharpen how you think about pricing and risk.
Born Scrappy.
Brought to you by Buddy.
The only marketplace and trade OS built for scrappies, by scrappies.
https://www.tradebuddy.io/
https://www.linkedin.com/company/tradewithbuddy/
WHO IS STU KAGAN ANYWAYS?
27 years in the metal recycling game and still learning and growing…
I learnt from the best and worked my way up from yard labourer to Executive Director of Trading and Operations for the largest metal recycler in sub-Saharan Africa. Responsible for 4,500 employees, 85 sites, and the overall profitability of a multi-billion dollar operation.
I brought my breadth and depth of knowledge to bear and co-founded the fastest growing, most-loved, and most awarded metal recycling company in New Zealand.
I thought it was time that tech worked for our industry, so I built THE killer scrap app, Buddy - built for scrappies, by scrappies.
Father of two crazy-awesome boys. Husband to Lisa. Kids rugby coach. YPO member. Founder. Lifelong learner. Mentee. Mentor. Committed Stoic. Undefeated dance-off champion.
COME SAY HI ON LINKEDIN
https://www.linkedin.com/in/stukagan/
https://www.linkedin.com/company/born-scrappy/
https://www.linkedin.com/company/tradewithbuddy
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