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

David Schollaert is a senior analyst for Steel Market Update. David joined SMU after more than a decade in the metals and mining industry in a myriad of different roles. Much of his early experience and expertise were within the coverage and analysis of steel-making raw materials and served previously as senior editor of the CRU Prices Service. Most recently, however, before his return to market analysis, David held roles as a metals buyer and an operations manager for raw material suppliers. Based in CRU’s Pittsburgh office, David can be reached at david@steelmarketupdate.com or 724-720-1008.

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