Zorba pricing steady after August rise

Aug 20, 2014 | 04:46 PM | Sean Davidson

Tags  nonferrous scrap, zorba, twitch, aluminum scrap, 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.....





Latest Pricing Trends

Poll

Are you stocking more inventory today than 18 months ago?

Yes
No


View previous results