Steam traps are the most important link between the steam and condensate system. Malfunctioning steam traps can waste tremendous amounts of money. Here is an example: A single inverted bucket steam trap (with a one-eighth-inch orifice) blowing-thru in a 150 psi, where the steam cost is $11.00 per 1,000 lbs. of steam produced, will waste 62.49 lbs. of steam per hour and cost approximately $6,022 in fuel losses per year.