Steel Products
Shuttlesworth Joins Flack Global Metals
Written by David Schollaert
January 26, 2022
Flack Global Metals (FGM) has hired industry veteran Keith Shuttlesworth as the new Executive Vice President of Flack Metal Bank (FMB).
With over two decades of commercial and procurement experience, Shuttlesworth will spearhead FMB’s efforts to increase market awareness of its financial tools, which help customers implement risk management and hedging strategies to complement their current supply chains, the company said.
FGM launched FMB in 2021 to allow buyers of flat-rolled metal products to take advantage of pricing on the forward curve regardless of whether they secure physical inventory from FGM or maintain existing supply relationships.
“We have the best ferrous trading desk in the world supporting Flack Global Metals and now Flack Metal Bank,” said Jeremy Flack, CEO and founder of FGM. “By bringing Keith onboard, we are adding the best commercial talent to that team to educate and encourage buyers on our long-held belief that hedging is the best way to provide certainty in securing metals supply and pricing.”
Before joining FMB, Shuttlesworth served as chief commercial officer of Big River Steel (BRS), and was instrumental in leading its startup and phase-two expansion. Responsible for sales, marketing, and technical services, he was also heavily involved in Big River’s metallics procurement. Prior to his tenure at BRS, Shuttlesworth spent more than 18 years at U.S. Steel Corp., where he advanced through many sales and marketing positions in both the United States and Europe.
FGM is a U.S. flat-rolled metals distributor, commodities trader and hedge fund.
By David Schollaert, David@SteelMarketUpdate.com
David Schollaert
Read more from David SchollaertLatest in Steel Products
Drilling activity slows further in US and Canada
Oil and gas drilling activity declined again this week in both the US and Canada, according to Baker Hughes.
SMU Community Chat: Zekelman calls for more support for steel consumers
“Unless the administration actually gets serious about levelling the playing field… for consumers of steel, then everything they've done on the steel side is useless."
SMU Community Chat replay now available
The latest SMU Community Chat webinar reply is now available on our website to all members. After logging in at steelmarketupdate.com, visit the community tab and look under the “previous webinars” section of the dropdown menu. All past Community Chat webinars are also available under that selection. If you need help accessing the webinar replay, or if your company […]
Nucor maintains plate prices, again
Nucor aims to keep plate prices flat again with the opening of its July order book.
Asian HR remains much cheaper than US, EU product
Domestic hot-rolled (HR) coil prices were flat this week after declining seven of the last nine weeks. Offshore prices have also eroded in recent weeks, though not nearly as significantly as in the US.