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We Support Our Local Heroes

We know how incredible important community is! With what is going on in the world right now, we wanted throw our support behind the men and women who are at the front lines of this fight. Thank you to all of the health workers that are keeping our mothers, fathers, sisters, and brothers safe during this unprecedented moment in our history. Not all heroes wear capes!   Let's all show our support for our front line health workers! 

 

We Support our Front line  Health Workers

 

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Scrap Metal Market Update April 2020

I hope that everyone is staying safe and relatively sane during these challenging times. 

 

As a business, this isn’t the first pandemic that Joseph & Company was operated through, but I think that it is safe to say that for all of us, this will hopefully be our first and last.

 

Being classed as an essential business aside, this isn’t business as normal for any industry or operation.  Barring those who are making medical or other front-line supplies, we are all reviewing our operations to ensure that we are maximizing our efforts to keep our team employed safely and our business operating efficiently.

 

Where we are hoping to support our family of businesses and entrepreneurs we work with is to ensure that we are able to give the accurate and timely market information and ensure that our team is there to support your business where we can.

 

So on that note, I wanted to shoot over some information relating to the stainless scrap metal market.  Commodities, as we have seen with all base metals and oil, seem to be as hard hit as any asset class.  Not withstanding, the mills are seeing ample supply coming in, however, limited sales, as industry across North America and Europe is taking a hit as a result of COVID-19 lockdowns and a quickly slowing economy as a result.  Although China seems to be getting through the worst of their experience, there seems to be some issues with the integrity of their numbers and general reporting of their experience.

 

As a result, we are seeing scrap pricing for many items taking a significant hit for the April market – likely heading into May as well.  As the article attached notes, we are seeing a steady decline in stainless pricing – whether 304, 316 or 400 series.  The saving grace for Canadians is that our exchange has supported prices based on CAD.  By example, 304 prices have declined in USD by over 15c in the past month (apx. 30%-35%), however, the USD exchange has added apx 10% to the price, so the actual hit in CAD has been only around 15-20% on average.

 

We are seeing this across the board with all commodities, so if you produce other scraps, expect a similar analysis.

 

However, we are resilient business community and when life gives us lemons, we COVID-19 some lemonade.  So if anyone was questions or wants to chat about business in general, please feel free to contact me.  We are in this together and likely are sharing similar experiences.

 

Cheers!

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COVID-19 Message

Hello Everyone

 

At Joseph And Company, we recognize the serious nature of the current COVID-19 pandemic and the need for a business response that is aimed at protecting the health and well-being of our employees, clients and the public at large, as well as ensuring our continued efficient operations. With the recent announcement from the provincial government (re: essential workplaces in Ontario), Recyclers will be permitted to continue to operate.  Although business will continue to operate, it is imperative that all employees and visitors adhere to our mandatory workplace practices.

 

Yes, we are open!

 

Both our ferrous yard on Lancaster St. and our main office on Victoria St. continue to remain open and our trucks remain on the road ready to service your workplace and/or worksites. We will continue to do our best to work within the framework of rules, guidelines, and best practices related to serving customers during the COVID-19 pandemic. If you adhere to the rules we set out in our spaces, you can trust that your experience will still be a positive one.

 

We are currently operating a different schedule at both yards. Our current hours, as of March 25th are:

 

Monday – Friday: 8:00am – 3:00pm

 

Currently, there is no disruption to our bin servicing. It’s important that we maintain your regular service levels and uphold environmental responsibilities to our communities.

 

 

What has changed?

Joseph and Company is doing our best to be socially responsible. We will do everything within our power to ensure that we consider and accommodate employee safety and well-being.

 

Client Visit & Contact Protocol

Joseph and Company are currently not undertaking any site visits. They’ll utilize email, phone and other means of technology to communicate and ensure business continuity.

 

Feel free to give us  a call to say hello or any other virtual social interaction. We are here for your even if we cannot physically be present! We want to know how you are doing!

 

 

On-Site Facility Safety & Best Practices

Employees who have travelled outside of Canada (or those who have been in contact with someone who has) have been advised that they are immediately to be placed in 14-day self-isolation at home.

 

Employees who are feeling sick are not permitted to come into the workplace.

 

High traffic areas such as the cashier booth, door handles and common areas will be disinfected.

 

It is imperative that each of us follow strict social distancing of a min. 6 feet. This also extends to any visitors that come into our facility.

 

Our main office shall only service one customer at a time. So only the person being paid should be in.

 

Avoid non-essential gatherings and greetings (such as handshakes).

 

Frequently wash your hands and do not touch your face.

 

 

We ask that if you answer yes to any of these questions, that you DO NOT come to any of our yards or workspaces. Any visitors exhibiting signs of being sick will be asked to leave and not return for 14 days.

 

Are you experiencing any flu-like symptoms, such as fever, cough, or shortness of breath; or have you

had any of these symptoms in the past 14-days?

 

In the past 14-days, have you traveled outside of CANADA?

 

Have you been in close contact with anyone who has tested positive for COVID-19, been under quarantine in the past 14-days, or is currently being evaluated for COVID-19?

 

We thank you in advance for your cooperation and continued support of our business. These measures are being put in place for the protection of our employees, as well as contractors, suppliers, and all visitors to our facilities.

 

Should you have any questions please do not hesitate to ask.

 

Regards,

 

Ami Tsarfati

Vice President and General Manager

Joseph and Company

 

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COVID-19 UPDATES

Hello Everyone,

 

READ THIS MESSAGE FROM AMI TSARFATI

 

As of March 25, 2020, In response to the COVID-19 pandemic, Joseph and Company is going to be adjusting our hours of operation to the following:

 

Monday - Friday 8am - 3:00pm

 

Stay safe, maintain social distance, wash your hands, and don't forget to call your mom! 

 

Please come back to this page for any future updates.

 

Efraim

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Justin Bieber Photobombs a JoCo red bin!

Hey hey! It isn't everyday that you end up meeting a celebrity, but we think Justin got pretty lucky here!

 

Spotted in his new documentary on Youtube titled: Leaving the Spotlight - Justin Bieber: Seasons you can see our bins in action in the background!

 

We took a screenshot here!

 

The lucky guy meeting our bin! - Justin Bieber - Leaving the Spotlight: Seasons

 

What a lucky guy!

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Holiday Hours 2019

 

Wishing everyone a happy holiday season! During the holidays we will be open at the following times:

 

December 24, 2019 - 8am - 12pm

 

December 25, 2019 - CLOSED

December 26, 2019 - CLOSED

December 27, 2019 - CLOSED

 

December 30, 2019 - 8AM - 4:30pm

December 31 2019 8AM - 4:30pm

 

January 1, 2020 - CLOSED

January 2, 2020 - 8am - 12pm

January 3, 2020 - 8am - 12pm

 

REGULAR HOURS RESUME MONDAY JANUARY 6, 2020

 

Have a wonderful holiday!

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Giving Tuesday with the Foodbank

We are proud to be participating in Giving Tuesday this year with The Foodbank of the Waterloo Region. Check out our photo and video below to see what it is all about and donate today!

 

Giving Tuesday Foodbank Joseph and Company Amichai Tsarfati

 

 

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October Ferrous Pricing Taking a Nose Dive

Good morning recyclers of the region,

 

Its appears that leaves are not the only things falling this autumn.  Ferrous prices are joining our leafy friends in the decent as prices continue to trickle down, as they have for the past calendar year.

 

If you have been reading my commentary, you will know the main culprits of pricing pressure on steel has been the lack of export due to the tariffs that the US administration has placed on incoming steel and more recently the chipping away of prices for new steel due to a poor orders from service centres and other mill customers.

 

This month, we have the added challenge of capacity being taken out of the market due to mill outages for ‘routine’ maintenance and the recent GM strike.  The GM strike should not be understated, as I have been told that GM alone consumes around 35,000 NT of steel a month in the US and Canada.  Then you add their tiered suppliers to the mix – that is a lot of material not being consumed with no where else to go!

 

As you can read in the articles attached, with 13 mills out of the month and the remaining consumers taking reduced orders this month – some significantly reducing their buys from the prior month.  The net effect of the demand being removed from the market is that Detroit mills have entered the market taking orders down $35/GT on grades (heavy melt and plate) and $40/GT on prime materials, we are anticipating declines along similar lines.

 

What this means is that we are going to experience yet again, another severe price drop for our ferrous scrap metal that we are generating.  And based on what my instinct tells me, we likely will not see a meaningful rebound in pricing for some time, as inventories are building up across many yards due to reduced mill orders and a challenging environment for recyclers to market their scrap into.

 

We expect the October market to come out early to mid next week and we will have more clarity on our markets and scrap metal credits for you at that point. 

 

This is not the first challenging cycle in our over 100 year history and we have experienced and we will continue to ensure that our customers get the best value for their scrap that they are generating. 

 

If you have any questions about your recycling program or market questions in general, please feel free to reach out.

 

Cheers!

 

 

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Commitment to Community: The FoodBank of Waterloo Region

Hello Everyone!

 

As a local company, we are always wanting to give back to the community in which we live. The FoodBank of Waterloo Region is a fantastic organization that does tremendous work for the community and it is one that we are proud to help support. With 3 meals being provided for every $1 donated, the FoodBank help support more than 34,000 people in the community. They help fight food insecurity and make sure families who are in need, can access the help they need. In 2004 alone, they helped distrubute 3.1 million pounds of food to 63 programs to assist 23,5000 people. 

 

 

We are glad to be a part of such positive change and such a great organization!

 

Cheers!

 

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Helping our Next Generation of Students

Hey There!

 

Every year we allow students in Conestoga College's robotics students from the Mechanical Engineering Technology: Robotics and Automation program look for material that will help make their project come to life. Every year they come back and show us what they've done and it never fails to impress us!

 

Thank you for choosing us to help you form your ideas into action! We are glad we can help the next generation students find their passion in the world.

 

Conestoga College Donation Receipt

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Ami Tsarfati
20
April 6, 2020
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Efraim Tsarfati
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March 24, 2020
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