Globe boosting spot market exposure

Feb 07, 2014 | 03:28 PM | Michael Cowden

Tags  Globe Specialty Metals, Jeff Bradley, spot pricing, contract pricing, silicon metal, silicon-based alloys, silicon metal prices, Michael Cowden

CHICAGO — Globe Specialty Metals Inc. is banking on the spot market to help boost its profitability in the third quarter and beyond.

The New York-based company has seen tags for most of its products increase, chief executive officer Jeff Bradley said during an earnings conference call with analysts Feb. 7, and has decided to expose more business to spot prices, which it expects will continue to rise.

The shift comes as Globe is running at full capacity, he said. "All the furnaces are running. And based on the commitments we are getting right now, we expect to remain full for the entire year."....

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