[Nanjing Iron and Steel Co., Ltd. Zhu Hao: steel mills are expected to be difficult to sustain for a long time by taking advantage of the opportunity of risk-free arbitrage in ferroalloy futures] FYF News Agency, June 15, talking about the development of ferroalloy futures, at the ferroalloy online 2023 International Ferroalloy Conference held this morning, Zhu Hao, assistant director of the current risk management office of Nanjing Iron and Steel Co., Ltd., said in a speech that the bidding for alloys by steel mills is currently based on a fixed price. Now it is gradually opening up part of the bidding volume to report the base difference mode, allowing steel mills to choose low suppliers. Recently, Nanjing Iron and Steel Co., Ltd. is also trying to get traders to quote base prices for bid 06 or 07 contracts in accordance with the terms of Nanjing Iron and Steel Co. But at present, it is difficult for manufacturers to quote in the form of basis, and basically only traders are willing to accept the basis price. Zhu Hao pointed out that ferroalloy futures have their own particularity, and it is still easy to deviate from the current price difference at this stage, and there is no opportunity for risk arbitrage for steel mills. But this opportunity is expected to be difficult to sustain in the long run. (financial Associated Press reporter Xing Qixin)