US zorba export prices dip on slack sales

Feb 18, 2014 | 03:07 PM | Nathan Laliberte

Tags  auto shred, LME, nonferrous scrap exports, zorba, Nathan Laliberte

NEW YORK — U.S. export prices for zorba, a nonferrous auto shred, have fallen since the start of February, with market players expressing concern over China’s continued lack of interest in the material.

Most exporters believed that sales volumes would increase after China’s two-week New Year holiday ended Feb. 15 due to stepped-up production schedules. But the uptick has yet to occur, exporters said, and March sales also are "not shaping up as anticipated."....

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