ASIAN FERRO-ALLOYS CONF: Changing US alloy pricing structure shifts focus to China – Medima’s Lazar

摘要

A move toward buying almost all ferro-alloys on long-termcontracts has left such a quiet spot market industry in the UnitedStates that some traders are looking at China to understand spotfundamentals, one speaker said this week.Speaking at Fastmarkets’ 20th Asian Ferro-alloys Conference inHong Kong, Barry Lazar, chief executive officer of steel rawmaterials supplier Medima, highlighted the difficulties that haveresulted from buyers purchasing so much on annual contracts.