Zorba pricing steady after August rise
Aug 20, 2014 | 04:46 PM
| Sean Davidson
NEW YORK Export prices for zorba, a nonferrous auto shred comprised mostly of aluminum, could maintain the higher levels achieved earlier this month after demand from China boosted domestic and export markets.
Zorba rose a penny or two in early August and has held steady, with any upward momentum likely to come after September, most suppliers contacted by AMM said.
Export prices for 94-4 quality zorba, which indicates a 94-percent metallic content with at least 4 percent of that red metal scrap, ranged from 73 to 76 cents per pound delivered to China this week, market participants said. Prices for 90- to 92-percent metallic content material were put at 68 to 71 cents per pound f.o.b., depending on quality and location.....
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