Zorba exports shifting to India, prices up
Aug 29, 2013 | 02:32 PM
| Nathan Laliberte
NEW YORK Export prices for nonferrous auto shred, or zorba, have risen over the past week as several exporters said Indian consumers were looking to capitalize on Chinas crackdown on raw material imports.
Most exporters pegged prices for material with 94- to 95-percent metallic content at between 77 and 80 cents per pound, up about 1.5 cents from a week ago, while material with 90- to 92-percent metallic content was up 1 cent at 74 to 75 cents per pound.
As exporters continue to fear increased inspection and rejection of zorba shipments to China under the crackdown, known as Operation Green Fence, India has become a favorable destination for the lower-quality zorba product (90- to 92-percent metallic content) because Indias inspection process is far less stringent, exporters told AMM.....
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