New Platform Targets Ferroalloys and Specialty Metals Trading

Last week, I had a call with Frank Jackel, founder of metalshub, to discuss this interesting initiative in more detail. According to its website, metalshub will provide a digital marketplace for metals and ferroalloys to promote a more efficient and liquid physical market. Established in 2016, metalshub is based in Düsseldorf, Germany but operates globally. It is an international team with team members from five different countries and extensive experience in physical metals trading and logistics. Indeed, Frank and his co-founder have been in the metals business for around 20-years, working for Anglo American and The Boston Consulting Group (BCG), and have relevant academic backgrounds as well. The idea, Frank told me, was that “ferrous metals and alloys today have no index listings and are as a result, quite inefficient markets. A lot of business is conducted as long-term, fixed price deals currently.” metalshub establishes a trading platform to trade materials directly and create more efficiency, speed and transparency in the market. The platform is a couple of weeks from launch and it was developed by the entity from scratch. “Digitalization offers huge benefits,” Frank said. The focus will be on non-LME commodities for smaller to mid-sized deals and entities. The platform
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New Platform Targets Ferroalloys and Specialty Metals Trading. This article appeared first on CTRM Center.