Zorba export prices sink lower

Dec 09, 2013 | 03:33 PM | Nathan Laliberte

Tags  zorba, nonferrous auto shred, China demand, scrap prices, secondary aluminum alloys, Nathan Laliberte

NEW YORK — U.S. export prices for zorba, a nonferrous auto shred, have continued to weaken over the past two weeks, with sources saying that selling to buyers in China was beginning to feel like "pulling teeth."

Most exporters said prices have fallen 2 cents since Nov. 21, with 94- to 95-percent metallic content material at about 72 to 73 cents per pound and 90- to 92-percent product at about 69 to 70 cents.....

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