Born Scrappy
Born Scrappy
Stu Kagan
Trade Flows & Global Markets with Craig Weber
46 minutes Posted Feb 18, 2026 at 2:00 pm.
How to Read the Market
When Deals Go Wrong
Meet Craig Weber
Spot vs Forward Contracts
What ‘Spreads’ Mean
Forward-Contract Risk
Hedging 101
COMEX vs LME
Thinking Global
How to Read the Market
Why Diversification Matters
Index Confusion
Forward Contracts Done Right
Getting to Know Craig
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Show notes
Send us Fan Mail 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 ...