SMU Community Chat with Jeremy Flack of Flack Global Metals
Date/Time: October 2 2024, 11:00 am
Guests: Jeremy Flack
Flack Global Metals (FGM) Founder and CEO Jeremy Flack was the featured speaker on SMU’s recent Community Chat webinar.
For many in the market, FGM is synonymous with steel futures. But the company has also further expanded its presence in the physical market with the 2023 acquisition of metal wall and roofing company, Fabral, and a minority stake in Windsor America, a garage door manufacturer.
More recently, it is finalizing a majority acquisition in Pacesetter, a steel service center. How are these efforts to pair financial acumen with physical assets panning out?
Also, we talked about the current steel market. HR prices have been hovering between roughly $600-700 since mid/late July. That kind of steadiness is unusual in a market infamous for cyclicality. If we’re in less volatile times, how does that change hedging strategies?
Or could there be an October surprise in store? And would it more likely to be to the upside (on trade actions or the dockworkers’ strike, for example) or to the downside (e.g., poor demand and high inventories)?
We took questions too with a lively Q&A!
About Flack
Jeremy Flack founded FGM in 2010 with the mission to reinvent how metal is bought and sold. Flack Global Metals operates through four interconnected divisions—Flack Metal Supply (FMS), Flack Capital Markets (FCM), Flack Manufacturing Investments (FMI), and Flack Metal Trading (FMT)— that work together to deliver a unified solution for metal supply and financial stability through integrated distribution, risk management, and market intelligence.