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Good outlet for Shredded Iron?

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  1. 09-10-2016, 08:28 AM #1
    webuyselltradestuff
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    sounds like you have all the figures, you just need to figure out operational/maintenance costs per pound and then you can see if it is worth it based on existing inventory levels you get daily. I WOULD point out, depending on the mill, you might have some other opportunities you didn't have with other materials. After all, if you have it, you can run other stuff when you do't have any steel to run.....not sure if it is fine enough for copper wiring, tv yokes and other mixed metal items, but that is an option as well. You might get some synergies there by being able to run that and get higher pricing for those materials.



    Something to think about.
    PROFIT is made when you BUY/ACQUIRE NOT when you sell

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    hobo finds
  3. 09-10-2016, 01:17 PM #2
    mthomasdev
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    Thank you for the clarifications. That makes this a little easier to look at.

    Let's look at your existing volume and figure that 95% is ferrous. I'm not going to look at the non-ferrous that you may be able to recover. We will just say that is gravy. Let's take an average of a ton and a half an hour and assume you are open 9 nine hours a day. 1.5 tons / hour times 9 hours x 95% ferrous recovery = 12.825 tons = 25650 pounds. 26650 pounds time 0.018 cents / pound increase = $461.70 a day above current

    Let's look at the high end of your existing volume (2 tons per hour) = $615.60 a day above current

    Let's look at the high end of the plant's capacity (3 tons per hour) = $923.40 a day above current

    Has your friend given you any idea how many additional employees you are going to need to run this? What about electricity or fuel usage?
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