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
CRU: Excessive global supply could hit rebar mill investments in US
Following the onset of the war in Ukraine in March 2022, concerns about import availability and expectations of rising demand from President Biden’s Infrastructure Bill pushed US rebar prices to record highs. In response, a flurry of new mills and capacity expansions were announced to meet the rise in demand from growth in the construction […]
Steel buyer spirits tempered by soft spot market conditions
Steel sheet buyers report feeling bogged down by the ongoing stresses of stagnant demand, news fatigue, tariff negotiations or implementation timelines, and persistent macroeconomic uncertainty.
CRU: US stainless prices to rise on expanded S232 tariffs
Stainless prices in the US market will rise, following price increases by major US producers. Our base case scenario incorporates higher US prices in the near term, despite the initial negative reaction by the market. US stainless prices will go up in 2025 H2 and will stay elevated in 2026 as tariffs on stainless […]
Galvanized steel demand unsteady amid lingering buyer fatigue: HARDI
Uneven demand for galvanized steel in June reflects a market that remains mired in uncertainty, according to industry sources.
OCTG industry salutes Customs for catching trade crooks
The US OCTG Manufacturers Association is commending US Customs for intercepting another Thai company's attempt to illegally transship Chinese oil pipe to the US.