Zorba market buoyed by Chinese demand
Jul 16, 2013 | 05:05 PM
| Nathan Laliberte
NEW YORK Export prices for zorba, a lower-grade nonferrous auto shred, have remained relatively steady over the past few weeks as strong Chinese demand for material with high metallic content continues to buoy the market, sources said.
"The zorba price has stayed the same in a scrap market that has shown some recent deterioration," one zorba exporter told AMM. "We can sell all the zorba we need to sell. China will pay up for good material but they dont want crap."....
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