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.
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