FLACK GLOBAL METALS EXECUTES FIRST BUSHELING FUTURES CONTRACT
FLACK GLOBAL METALS EXECUTES FIRST BUSHELING FUTURES CONTRACT
This trade comes on the heels of FGM's recent involvement in the first European hot rolled steel options trade, reinforcing FGM's position as an innovator in employing sophisticated risk management and hedging techniques.SCOTTSDALE, Ariz., Dec. 19, 2024 /PRNewswire/ -- Flack Global Metals (FGM), a vertically integrated industrial business platform transforming the steel supply chain, announced today its role as a counterparty to the first Busheling Ferrous Scrap Futures contract tied to the Chicago No. 1 Busheling Ferrous Scrap (Fastmarkets) index. The contract was listed and cleared Monday on the Chicago Mercantile Exchange (CME Group), the world's largest derivatives marketplace.
亚利桑那州斯科茨代尔，2024年12月19日 /PRNewswire/ -- Flack Global Metals (FGM) 是一个垂直整合的工业商业平台，致力于转变钢铁供应链，今天宣布其作为与首个与芝加哥No.1 Busheling废铁（Fastmarkets）指数挂钩的Busheling废铁期货合约的对手方的角色。该合约于周一在全球最大的衍生品市场芝加哥商品交易所（CME Group）上市并完成清算。
This contract marks the first use of Fastmarkets' Chicago No. 1 Busheling price as a benchmark for recycled ferrous scrap—a critical input for new steel production, contributing to over half of U.S. steel output. It introduces a new financial tool to help manage price volatility in the scrap market, and allow for better alignment with the realities of the physical Busheling market. This new contract is expected to materially increase the liquidity in the scrap market, allowing market participants to better manage the risks of a greater portion of the steel supply chain.
该合约标志着Fastmarkets芝加哥No.1 Busheling价格首次作为回收废铁的基准——这一重要投入用于新钢铁生产，超过一半的美国钢铁产量由此贡献。它引入了一种新的金融工具，以帮助管理废铁市场的价格波动，并使其与实际Busheling市场的现实情况更好地对齐。预计这一新合约将显著增加废铁市场的流动性，使市场参与者更好地管理钢铁供应链更大部分的风险。
Flack Global Metals announced today its role as a counterparty to the first Busheling Ferrous Scrap Futures contract.
Flack Global Metals今天宣布其作为首个Busheling废铁期货合约的对手方的角色。
This trade comes on the heels of FGM's recent involvement in the first European hot rolled steel options trade, reinforcing FGM's position as an innovator in employing sophisticated risk management and hedging techniques.
此次交易是在FGM最近参与首个欧洲热轧钢期权交易之际进行的，进一步巩固了FGM作为在使用复杂风险管理和对冲技术方面的创新者的地位。
"We are proud to retain first mover advantage as we continue to fill a gap in providing robust risk management tools to the steel industry," said Brad Clark, Vice President of Capital Markets and Metal Trading at Flack Capital Markets. Flack Capital Markets is a division of FGM that boasts the most sophisticated capital markets desk in the ferrous metals space.
"我们感到自豪，继续在为钢铁行业提供强大风险管理工具上填补空白，保持第一移动者优势，" Flack资本市场和金属交易副总裁Brad Clark说。Flack资本市场是FGM的一个部门，其在废金属领域拥有最先进的资本市场交易台。
About Flack Global Metals
Flack Global Metals (FGM) is a vertically integrated industrial business platform specializing in the construction products industry. FGM buys, sells, manufactures, trades and invests in flat-rolled steel goods. Its four distinct divisions work together to integrate and de-risk the steel supply chain, from raw steel to finished products. By leveraging proprietary hedging strategies and market intelligence, FGM effectively manages price volatility, delivering comprehensive solutions to its customers. Headquartered in Scottsdale, Arizona, FGM serves a global market with offices in Atlanta, Chicago, Cleveland, London, and Lugano.
关于数字媒体全球金属
Flack Global Metals (FGM) 是一个垂直整合的工业商业平台，专注于施工产品行业。FGM购买、销售、制造、交易和投资于平轧钢材。其四个独特的部门协同工作，以整合和降低钢铁供应链的风险，从原材料到成品。通过利用专有的对冲策略和市场情报，FGM有效管理价格波动，为客户提供全面解决方案。FGM总部位于亚利桑那州斯科茨代尔，在亚特兰大、芝加哥、克利夫兰、伦敦和卢加诺设有办事处，服务于全球市场。
Media Contact
Haley Rowland, FGM
Director of Marketing & Communications
678-995-4156
[email protected]
媒体联系
海莉·罗兰，FGM
MTS Health Partners市场营销总监
678-995-4156
[email protected]
SOURCE Flack Global Metals
来源：Flack全球货币
