Zorba loses ground as US smelter aluminum scrap buying prices flat

Nov 27, 2007 | 02:17 PM | Paul Schaffer

U.S. smelters' buying prices for aluminum scrap are mostly flat, although the export mixture known as zorba has weakened considerably, sources said.

Views differ as to the extent of zorba's slide, with sources quoting drops of between 2 and 4 cents a pound. One seller reported zorba flat during the past week, but had lowered his reported value by 2 cents earlier in the month.....

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