Zorba export prices down on oversupply

Nov 13, 2013 | 03:20 PM | Nathan Laliberte

Tags  zorba, nonferrous auto shred, nonferrous scrap, scrap prices, Nathan Laliberte

NEW YORK — U.S. export prices for zorba, a nonferrous auto shred, have fallen over the past two weeks in an oversupplied market.

Lower exchange prices coupled with softer demand from Chinese consumers and an uptick in domestic output has created "an extremely challenging environment for moving metal," sellers said.

Most exporters put prices down 2 cents from Oct. 30 levels, with 94- to 95-percent metallic content material now at about 74 to 76 cents per pound and 90- to 92-percent metallic content material at 71 to 73 cents per pound.....

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