Zorba export prices steady; uptick eyed

Dec 18, 2013 | 02:24 PM | Nathan Laliberte

Tags  zorba, nonferrous auto shred, scrap prices, nonferrous scrap, London Metal Exchange, LME, Comex, Nathan Laliberte

NEW YORK — U.S. export prices for zorba have stabilized despite falling demand from Chinese buyers, sources said, noting that gains in terminal markets were "artificially holding the zorba market up."

Prices for the nonferrous auto shred with 94- to 95-percent metallic content are around 72 to 73 cents per pound while 90- to 92-percent material is about 69 to 70 cents, both steady compared with Dec. 9, most export sources said.....

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