Insulated Wire Tip

Originally Posted by MetalRecycler

Mthomasdev,

Thanks for your reply. Could you clarify uour question please? I am not sure which prices you are referring to.

On all prices.



Even with an hour drive, I can't justify stripping much.

Only price that I think sucks is low grade. One of my other yards will pay #2 insulated for that (currently at $1.00 per pound).

mthomasdev,

I do not carry an opinion on the markets themselves as we never speculate with scrap. Although, higher prices are nice as this game is not as much about volume of pounds, but volume of dollars and the margin on those dollars. I am; however, very opinionated about what we are selling our scrap for. I am constantly analyzing the markets and assessing whether or not we are getting a fair value for our materials. I am on the phone every day with buyers and always attempting to develop new homes for our products. If we are not getting the most money possible for our metals, then I cannot be competitive in buying. Unfortunately though, I cannot divulge where we sell scrap or what we are getting for it.

As far as stripping your wire: it all depends on what you value your time at (or what you value your employees time at.) Time is the most valuable commodity we all deal in. I visited the yard of one of the smaller dealers that we buy scrap from the other day and actually had to talk over JUDGE JUDY! This guy has a small yard and spends a large portion of his time watching TV in his office! Someone like this will stay small and certainly will not pass his business along to the next generation. 99% of the population have absolutely no idea what possibilities are out there and what their own time is worth. Keep an open mind about your business, read trade magazines, develop ideas, find someone you can discuss them with - sharpen - sharpen - sharpen! It is the small details that make big differences in business.

mthomasdev,

Sorry, I just scrolled up and saw your price list, that's where I got confused.

Anyway, after looking at those prices, I would say that the dealer you are selling to is making about $0.35 per pound off of your #1 Copper. However, he is probably putting together 40,000 lbs at a time and commands the volume to get the price. He also has equipment, labor costs, fuel costs, freight cost, etc. needed to keep his doors open. I think that is a fairly decent price on #1 for a small dealer. If you were shipping him mixed 40,000 pound lots of materials (that is all kinds of non-ferrous on one trailer) I would expect you to get somewhere around $2.95 for your #1 CU. He is treating you the same on the rest of your metals. I think you are getting a fair deal if you are a small dealer (one man operation with a truck & trailer who comes regularly.)

It absolutely all depends on the volume though. This is a volume game. Increase your volume and doors will open.

Originally Posted by MetalRecycler

mthomasdev,

Sorry, I just scrolled up and saw your price list, that's where I got confused.

Anyway, after looking at those prices, I would say that the dealer you are selling to is making about $0.35 per pound off of your #1 Copper. However, he is probably putting together 40,000 lbs at a time and commands the volume to get the price. He also has equipment, labor costs, fuel costs, freight cost, etc. needed to keep his doors open. I think that is a fairly decent price on #1 for a small dealer. If you were shipping him mixed 40,000 pound lots of materials (that is all kinds of non-ferrous on one trailer) I would expect you to get somewhere around $2.95 for your #1 CU. He is treating you the same on the rest of your metals. I think you are getting a fair deal if you are a small dealer (one man operation with a truck & trailer who comes regularly.)

It absolutely all depends on the volume though. This is a volume game. Increase your volume and doors will open.

MR,

I don't see stripped wire or low grade to this company, only Romex, THHN, alarm, Tin-C and Steel-BX. I get better prices on everything else at other yards. This company only buys what was on that list. They are actually a sister company to an electronic recycling company.

Originally Posted by mthomasdev

MR,

I don't see stripped wire or low grade to this company, only Romex, THHN, alarm, Tin-C and Steel-BX. I get better prices on everything else at other yards. This company only buys what was on that list. They are actually a sister company to an electronic recycling company.

MR,

Forgot to mention that this company will come and pick up anywhere in the state (free of charge) if you have over 100 pounds of material.