Zorba gains on strong export demand, LME

Jul 29, 2013 | 03:02 PM | Nathan Laliberte

Tags  zorba, scrap, nonferrous shredded, operation green fence, aluminum, LME, Nathan Laliberte

NEW YORK — Export prices for zorba, a lower-grade nonferrous auto shred, have risen over the past two weeks as a combination of strong demand from China and strengthening exchange prices continued to support the market, sources said.

"The desirability for zorba has been a little higher lately," one zorba exporter told AMM. "We are stepping up prices mostly because our Chinese buyers seem willing to pay up for good material with high metallic content."....

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