Results 1 to 19 of 19

Scrap Romex: Should you strip it?

| A Day in the Life of a Scrapper

Threaded View

  1. #1
    ggariepy started this thread.
    ggariepy's Avatar
    SMF Badges of Honor


    Member since
    Jul 2012
    Location
    Southeast Michigan
    Posts
    157
    Thanks
    87
    Thanked 114 Times in 58 Posts

    Scrap Romex: Should you strip it?



    In my analysis, unless you can process a lot of material very quickly, you're wasting your time stripping scrap Romex, or worse, working for China at Chinese labor rates. Here's the breakdown:

    == Analysis: NM-B 14-2 Romex solid copper wire ==

    Weight with insulation, copper and ziploc bag: 92g
    Weight with insulation and ziploc bag (no copper): 38g
    Weight of copper: 54g

    Recovery rate: 54g/92g = 58.69%

    GLE Recycling Prices (27-FEB-2014)
    #1 insulated wire: $1.25/#
    Bare bright copper $2.80/#

    Wire:Copper price ratio: 44.64%

    2 minutes to strip 1M of Romex by hand (if you get fast at it) = 30 meters per hour

    Approximately 1 Meter of Romex:
    54g = .11905# x $2.80/# = $.333 #1 Bare Bright price
    92g = .202825# x $1.25/# = $.285 #1 insulated wire price
    Difference in price = $.048 increased value over selling as insulated wire



    $.048/2 minutes x 30 = $1.44/hour = SLAVE WAGES

    How long does it take you guys to strip a meter of Romex? Am I just really slow?

  2. The Following 4 Users say Thank You for This Post by ggariepy:


Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

 
Browse the Most Recent Threads
On SMF In THIS CATEGORY.





OR

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  

The Scrap Metal Forum

    The Scrap Metal Forum is the #1 scrap metal recycling community in the world. Here we talk about the scrap metal business, making money, where we connect with other scrappers, scrap yards and more.

SMF on Facebook and Twitter

Twitter Facebook