An apparatus for removing binder straps from coils of metal strip in which a cage is engageable with the coil and has a blade carriage displaceable over at least a region in which binder straps may be provided in a continuous manner so that a wedge can engage beneath the straps in succession and a cutting tool can cut through straps in a single continuous operation without interrupting the movement of the carriage. The wedge and the carriage can be provided with clamping elements to engage the strap after it is cut to allow it to be transported to a scrap bin.