Category Archives: News

Reading The Market

Customers call for hedging solutions – Priefert

Recent volatility in the steel market has led more customers to ask for fixed prices,...

Flack Metals’ power shift

Mitigating risk is a key weapon in the arsenal offered by a distributor with carefully...

Flack Global Metals’ futures business jumps

Flack Global Metals has seen a “tremendous” spike in its hedging business so far this...

Flack recognized among Metal Center News Top 50 Service Centers

Flack Global Metals has been recognized on Metal Center News Top 50 Service Center industry...

Jeremy Flack named as Entrepreneur Of The Year® 2017 Award finalist

Cleveland, June 1, 2017 – EY today announced that founder and CEO Jeremy Flack of...

SMU Executive Newsletter – April 4, 2017

Kenwood Painted Metals & Flack Global Metals Merge

Flack Global Metals and Kenwood Painted Metals Announce Merger

Jeremy K. Flack, CEO of Flack Global Metals, and Greg Underwood, President of Kenwood Painted...

Flack Steel is Now Officially Flack Global Metals

Effective immediately, Flack Steel has changed its name to Flack Global Metals. This move reflects...

TO MANAGE RISK, HEDGING DEEMED NECESSARY

Increasing the use of hedging in the steel market is still needed for service centers...

Flack Steel Acquires Non-Physical Assets of CMP

Flack Steel has closed the deal on acquisition of selected assets of Consolidated Systems, Inc.’s...

FLACK STEEL LTD. PURCHASES CSi’S CONSOLIDATED METAL PRODUCTS (CMP) BUSINESS

FLACK STEEL LTD. PURCHASES CSi’S CONSOLIDATED METAL PRODUCTS (CMP) BUSINESSAcquisition adds scale and product diversity...

Flack Steel Ltd. in Cleveland to merge with Arizona’s GlobeNet Metals

11/1/2013 — CHICAGO — Flack Steel Ltd. and GlobeNet Metals LLC will merge to create...

Government shutdown deals random blows locally

10/14/2013 — By: Crain's Staff

Washington’s Budget Standoff Poses Threat to Recovery

Washington's budget standoff is spooking businesses and consumers, threatening the recovery even if

CME Group Announces Multiple Ferrous Metals Volume Records

11/7/2013 — CHICAGO, November 7, 2013 – CME Group, the world's leading and most diverse...

For Businesses, Promising Jobs Report Caps Lackluster Year

12/6/2013 — The final labor report to be released in 2013 had promising aspects but...

Founders

4/11/2013 —Meet Jeremy Flack, founder of Flack Steel, a steel service center in the Warehouse...

Fast-Growing Flack Steel a Maverick Among Peers

4/11/2013 — When Jeremy Flack and his former business partner ran a steel company in...

Consolidation key for US distributors: execs

3/14/2013 — CHICAGO — The fragmented steel service center industry must consolidate further to combat...

US expected to remain top scrap exporting country

3/12/2013 — The US is expected to continue being the world's top exporter of steel...

Flack Steel, GlobeNet to merge

11/1/2013 — CHICAGO — Flack Steel Ltd. and GlobeNet Metals LLC will merge to create...

Steel futures inch toward acceptance

11/30/2012 — NEW YORK — Steel derivatives continue to face an uphill battle as concerns...

US scrap futures contract gains momentum

11/13/2012 — PHILADELPHIA - The first U.S. Ferrous scrap futures contract, launched by CME Group...

THE GOOD, THE BAD, THE FELDSTEIN

A more positive tone of macro-economic news this past week as the U.S. Federal Reserve’s...

CME Group Announces First Trades and Clearing of Hot-Rolled Coil Steel Options

9/7/2012 — CHICAGO, September 7, 2012 – CME Group, the world’s leading and most diverse...

Quick Comment: Service Center Lunch Recap

6/19/2012 — Lunch panel of steel service center executives: In advance of AMM’s and World...

Flack Steel expands sales force

11/6/2012 — CHICAGO - Flack Steel Ltd. has named industry veterans Andy Kleinheider and Troy...

Steel Futures’ Future Far From Settled

3/16/2012 — The commonplace use of steel futures contracts is either inevitable or inedible, depending...

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