Anyone in the scrap business?
Discussion
Hi. I am thinking about buying a copper granulator to recycle electrical cable on a relatively large scale. Could anyone offer me advice on if this would be a viable business? One of the main issues will be getting a supply of electrical cable I would imagine. Any advice would be appreciated.
You'll need scales to weigh the scrap, a large cable stripping machine, waste management for the rest and then you need storage etc. I'm not sure of the extra requirements for disposal of coax, network cable, mineral insulated etc so may need extra stuff there.
You also have to keep records and pay by cheque/BACS only now and you'll be relying on getting people to bring their scrap to you so will need to keep on top of the pricing and offer a good enough price to get people away from their usual. All this will require premises and various licences too.
We bought a cable stripper but, whilst we got more money when weighing it in, the "labour" cost didn't really stack up as we decided we had better things to do with our time. This is all from a contractors point of view, not a scrap merchant but it gives you an overview I guess!
You also have to keep records and pay by cheque/BACS only now and you'll be relying on getting people to bring their scrap to you so will need to keep on top of the pricing and offer a good enough price to get people away from their usual. All this will require premises and various licences too.
We bought a cable stripper but, whilst we got more money when weighing it in, the "labour" cost didn't really stack up as we decided we had better things to do with our time. This is all from a contractors point of view, not a scrap merchant but it gives you an overview I guess!
My family were scrap dealers and it is a business I know very well.
I've known quite a few people set up granulating copper cable and stripping the larger diameter four core etc.Its not that hard to do but you need to do your sums right,there's a lot of competition and most loads you buy in will be a mixed bag with different copper/plastic ratios so the yield will be variable.
It's not an easy business to make money with metal price fluctuations etc,do you have any experience in the metal reclamation industry?
I've known quite a few people set up granulating copper cable and stripping the larger diameter four core etc.Its not that hard to do but you need to do your sums right,there's a lot of competition and most loads you buy in will be a mixed bag with different copper/plastic ratios so the yield will be variable.
It's not an easy business to make money with metal price fluctuations etc,do you have any experience in the metal reclamation industry?
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