Zorba exporters turn to India as prices decline

Mar 17, 2014 | 01:44 PM | Nathan Laliberte

Tags  zorba, India, China, nonferrous auto shred, scrap exports, Operation Green Fence, Barclays Capital, Nathan Laliberte

NEW YORK — U.S. export prices for nonferrous auto shred, or zorba, have continued to fall over the past two weeks, but sources noted that recent demand from Indian buyers could point to a stronger market in April.

Material with 94- to 95-percent metallic content dipped to 69.5 to 71.5 cents per pound, down 1 cent from March 5 levels, while 90- to 92-percent material also fell a penny to 67 to 68 cents per pound in the same comparison, sources said.....

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