Globe expects silicon prices to increase
Feb 08, 2013 | 02:42 PM
| Michael Cowden
Tags
Globe Specialty Metals,
Jeff Bradley,
Malcolm Appelbaum,
silicon,
silica,
silica fume,
prices,
maintenance outages
outlook
CHICAGO — Globe Specialty Metals Inc. expects prices to increase in 2013 thanks to improved demand from a host of sectors, including automotive, construction, steel, consumer goods, solar, and oil and gas.
The New York-based silicon metal producer has increased its inventories in anticipation of higher prices in the future, company executives said during a conference call following the release of earnings Feb. 8.
“In anticipation of a stronger pricing environment in 2013, we passed on some lower-priced, below-market business presented at the end of the year (2012),” chief executive officer Jeff Bradley said. “We have done this in past years at the end of the pricing season only to realize better returns in the following year.” ....
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