Zorba buyer exit could push prices downward

May 14, 2014 | 10:04 AM | Bhavna Patel

Tags  Metal Recycling Systems, zorba, auto shred, nonferrous, zorba prices, supply volumes, Bhavna Patel

NEW YORK — The availability of zorba, a nonferrous auto shred, could increase in the Midwest market following Metal Recycling Systems Inc.’s exit from the region.

The Blue Island, Ill.-based metal recycling company, which market participants said purchased zorba from smaller regional shredder operators for processing, reportedly halted its operations four weeks ago (amm.com, May 1) and some sources said the shutdown could result in an oversupply of zorba for domestic processors. ....

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