Flack Global Metals Executes First European Hot-Rolled Steel Options Trade

Flack Global Metals (FGM) has marked a significant milestone in the steel trading industry by executing its first European hot-rolled steel options trade. This move strengthens FGM’s position as a pioneering force in the steel ecosystem, offering new trading tools and enhancing market liquidity.

Expanding Market Leadership with Innovative Steel Contracts
FGM, a global leader in buying, selling, manufacturing, and trading flat-rolled steel, already operates a robust futures trading platform through its trading arm, Flack Metals Trading SA, based in Lugano, Switzerland. The company’s successful execution of the hot-rolled steel options contract, cleared on the Chicago Mercantile Exchange (CME), further solidifies its status as an industry innovator.

Gianpiero Repole, Managing Director of Flack Metal Trading, expressed excitement about the deal, emphasizing that the introduction of options contracts will provide a new mechanism for price discovery and risk management in the global steel markets. This move is expected to bring greater liquidity to the European steel market, benefiting traders and manufacturers alike.

CME Group Cleared Transaction Sets New Precedent
The trade was cleared on the CME Group, the world’s largest derivatives marketplace, offering a secure and efficient platform for the steel options trade. Flack Global Metals’ entry into the options market further diversifies its trading strategies, which span both ferrous and nonferrous materials across international markets.