Zorba steady on strong China demand

Sep 23, 2013 | 06:23 PM | Nathan Laliberte

Tags  Zorba, nonferrous auto shred, China, demand, Operation Green Fence, Nathan Laliberte

NEW YORK — Prices for zorba, a nonferrous auto shred, remain steady but some U.S. exporters say the market could be primed to rise due to China’s continued growth in the automobile sector.

“China is definitely looking for material at this point,” one exporter told AMM. “There is also tightness on junk cars in the United States, which could cause shippers to raise the price on zorba, especially if Chinese demand stays strong.” ....

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