Flack Global Metals

Flack Macro Flash Report: This week's first of the month data provided an update on manufacturing activity. As we anticipated, given the soft Regional FED Manufacturing surveys throughout the month of August, both Manufacturing PMI’s (ISM & S&P Global) remain in contraction territory. Elevated borrowing costs and election uncertainty continue to stand in the way of a full recovery. Read the full report here: https://hubs.ly/Q02NThlP0 #FlackGlobalMetals #Manufacturing #FED #InterestRates #Inflation

If you're attending METALCON this October, don't miss the chance to connect with the Flack Global Metals team at Booth 1409. FGM is an expert in providing integrated solutions that combine metal supply with financial stability. Discover how their approach to distribution, risk management, and market intelligence can bring certainty to your business through all market conditions. Make sure to visit Booth 1409 and explore how Flack Global Metals can partner with you for long-term success.

Ferrous Financial Insider: Domestic spot prices held steady, with the HRC 2nd month future seeing a slight rise. Internationally, steel prices were mixed, increasing in China and Korea, but falling in Europe and Turkey. Join us for our October FFI Live webinar for an in-depth session at FFI Live where FGM's Research Director and Economist, Daniel Doderer, will break down the recent steel market trends, including imports, production, and raw materials, and discuss their broader implications. Don't miss this opportunity to understand the forces shaping the steel industry and how they can affect your business as we move towards 2025. Register now to secure your spot: https://hubs.ly/Q02NFJtR0 #FlackGlobalMetals #HRC #Steel #China #Europe #Imports #Production #RawMaterials #InterestRates

Steel Summit 2024 has come to a successful close. We appreciate everyone who took the time to visit our meeting space and connect with the Flack Global Metals team. With exciting developments ahead, we’re looking forward to continuing the conversation at METALCON in #Atlanta this October. #FlackGlobalMetals #Steel #HRC

Flack Fundamental Report: Additional data suggest that imports have reverted to their downtrend while domestic production surges ahead of planned outages. Domestic HRC prices continued to slowly grind higher as we exit the seasonal summer slowdown. Learn more about the global HRC price differential movement and its implications for the market in the full report here: https://hubs.ly/Q02N9Y020 #FlackGlobalMetals #HRC #Imports #Production #Steel

Steel Summit 2024 has come to a successful close. We appreciate everyone who took the time to visit our meeting space and connect with the Flack Global Metals team. With exciting developments ahead, we’re looking forward to continuing the conversation at METALCON in #Atlanta this October. #FlackGlobalMetals #Steel #HRC

Flack Macro Flash Report: The August FED Manufacturing Surveys paint a picture of suppressed activity overall in the month. While some regions improved, all of them are in contraction territory for the first time since February. On the steel consumption side, these sustained conditions highlight the ongoing dynamic that have pushed inventories to 2-year highs. Read the full report here: https://hubs.ly/Q02MN6310 #FlackGlobalMetals #FED #ManufacturingSurveys #Steel #HRC

Flack Macro Report: Last week’s data show further softness in industrials, while the labor market and services remain stable. The most important signal came from Jackson Hole, WY Friday morning, when FED Chair Powell, clearly opened the door for the cutting cycle – the ‘time has come’. Read the full report here: https://hubs.ly/Q02Mx1Nf0 #FlackGlobalMetals #MacroEconomy #LaborMarket #JacksonHole #FED #InterestRates

We are excited to be heading to ATL next week for the 2024 Steel Market Update Steel Summit. Are you attending the Steel Summit? If you're looking for a comprehensive solution that combines metal supply with financial stability, let's connect. Our FGM team is ready to show you how our integrated distribution, risk management, and market intelligence strategies can bring certainty to your business through all market cycles. Reach out to your FGM sales rep or fill out a contact form below to explore how we can partner for success. Contact us here: https://hubs.ly/Q02M1wbN0 #FlackGlobalMetals #SMUSteelSummit #RiskManagement #MetalSupply #Steel #Atlanta

Flack Macro Flash Report: July’s start to housing data underscore the consequence of elevated interest rates in the sector. While it will take some time for the tailwinds of the cutting cycle to have their full impact, the fact that starts and permits have remained near 2019 levels despite current conditions is encouraging for the longer-term outlook. Read the full analysis here: https://hubs.ly/Q02L-pZ10