Zorba steady on strong China demand
Sep 23, 2013 | 06:23 PM
| 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 Chinas 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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