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Jason H
Guest
Jason H

I am a Ferro silicon producer

This does not make sense

No FERROALLOY producer would select a customer to represent them -especially one of their larger customers

The agent should have an interest to get prices higher while this new agent would have an interest to get prices lower in order to buy lower for themselves

And then you have competitors of nucor who would obviously have a competitive issue with their competition knowing their prices ??

Anonymous
Guest
Anonymous

Is this even legal ?
Isn’t it a conflict of interest

alanpatrickryan
Guest

Not all competitors are equal

alanpatrickryan
Guest

That’s something a lawyer will have to decide. Not in my pay grade

Jack Caithness
Guest
Jack Caithness

If you were looking for an agent to represent you and you only had a handful of viable customers then surely if one or two of the customers let alone more had a problem with an agent and saw it as a conflict then you would think this would cause you to look elsewhere for representation

This is just plain stupid

j. p
Guest
j. p

It doesn’t sound like south32 thought this through -they are going to be taken advantage of

This is Bad news for North American simn , hcfemn and mcfemn prices

Djj will sell to nucor on annual formulas based off an index and then push the prices down with agency based commission sales to small users

Best situation for nucor – this is a fantasy situation for them

-
Guest
-

The us govt will look into this

This will be reported to the SEC and FTC

The suspicion already exists that ties djj to potentially manipulating the prices for nucor

One major manganese producer has already spoken and got agreement from the producer of the major market index in the USA that they agree not to use djj pricing on alloys as an indicator of the alloy markets

Peter
Guest
Peter

Looks like south32 wants to play with us antitrust laws ?