Demand, prices boost Globe optimism
Aug 21, 2013 | 02:15 PM
| Michael Cowden
CHICAGO Globe Specialty Metals Inc. may have recorded a fiscal-year loss, but the company is optimistic about a better year ahead on expectations of strengthening demand, pricing and operational stability.
End-market demand for the New York-based silicon producers products continue to grow at a faster clip than gross domestic product gains, he said, thanks to strength in the consumer economy as well as the homebuilding, solar and automotive sectors, with automotive in particular gobbling up large amounts of silicon metal for aluminum alloys.....
"As we look forward to the first quarter of fiscal 2014, we expect continued improved performance," chief executive officer Jeff Bradley said in an earnings conference call with analysts Aug. 21.
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