Zorba exporters anticipating strong fourth qtr.

Sep 09, 2013 | 02:36 PM | Nathan Laliberte

Tags  zorba, nonferrous auto shred, China demand, Operation Green Fence, aluminum scrap, Nathan Laliberte

NEW YORK — Chinese demand for high-quality zorba, a nonferrous auto shred, has remained robust through the summer and going into the fall, exporters told AMM.

Prices have been steady the past two weeks, although shippers said tags could rise as automakers in China and Japan ramp up fall production schedules.

Most exporters pegged prices for material with a 94- to 95-percent metallic content at between 77 and 80 cents per pound, unchanged from Aug. 29, and material with a 90- to 92-percent metallic content is steady at around 74 to 75 cents per pound.....

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