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.
亞利桑那州斯科茨代爾，2024年12月19日 /PRNewswire/ -- Flack Global Metals (FGM) 是一個垂直整合的工業商業平台，致力於轉變鋼鐵供應鏈，今天宣佈其作爲與首個與芝加哥No.1 Busheling廢鐵（Fastmarkets）指數掛鉤的Busheling廢鐵期貨合約的對手方的角色。該合約於週一在全球最大的衍生品市場芝加哥商品交易所（CME Group）上市並完成清算。
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.
該合約標誌着Fastmarkets芝加哥No.1 Busheling價格首次作爲回收廢鐵的基準——這一重要投入用於新鋼鐵生產，超過一半的美國鋼鐵產量由此貢獻。它引入了一種新的金融工具，以幫助管理廢鐵市場的價格波動，並使其與實際Busheling市場的現實情況更好地對齊。預計這一新合約將顯著增加廢鐵市場的流動性，使市場參與者更好地管理鋼鐵供應鏈更大部分的風險。
Flack Global Metals announced today its role as a counterparty to the first Busheling Ferrous Scrap Futures contract.
Flack Global Metals今天宣佈其作爲首個Busheling廢鐵期貨合約的對手方的角色。
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最近參與首個歐洲熱軋鋼期權交易之際進行的，進一步鞏固了FGM作爲在使用複雜風險管理和對沖技術方面的創新者的地位。
"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.
"我們感到自豪，繼續在爲鋼鐵行業提供強大風險管理工具上填補空白，保持第一移動者優勢，" Flack資本市場和金屬交易副總裁Brad Clark說。Flack資本市場是FGM的一個部門，其在廢金屬領域擁有最先進的資本市場交易臺。
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.
關於數字媒體全球金屬
Flack Global Metals (FGM) 是一個垂直整合的工業商業平台，專注於施工產品行業。FGM購買、銷售、製造、交易和投資於平軋鋼材。其四個獨特的部門協同工作，以整合和降低鋼鐵供應鏈的風險，從原材料到成品。通過利用專有的對沖策略和市場情報，FGM有效管理價格波動，爲客戶提供全面解決方案。FGM總部位於亞利桑那州斯科茨代爾，在亞特蘭大、芝加哥、克利夫蘭、倫敦和盧加諾設有辦事處，服務於全球市場。
Media Contact
Haley Rowland, FGM
Director of Marketing & Communications
678-995-4156
[email protected]
媒體聯繫
海莉·羅蘭，FGM
MTS Health Partners市場營銷總監
678-995-4156
[email protected]
SOURCE Flack Global Metals
來源：Flack全球貨幣
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