| Company type | Private company |
|---|---|
| Industry | Steel trading |
| Predecessor | Coutinho, Caro & Co (London) Ltd |
| Founded | 1951, London |
| Headquarters | , |
Number of locations | 30 (in 24 countries) |
Area served | Worldwide |
Key people | Oppenheimer family |
| Products | Semi-finished, Flat, Long Tubes & Pipes, Stainless steel |
| Services | Steel Trading, Shipping and Logistics, Distribution, Stock holding, Finance, Mining and Raw Materials |
| Revenue |  US$10 billion (2011) |
Number of employees | 300 |
| Website | stemcor.com |
Stemcor is a British steel trading and distribution company. The company acts as an intermediary between buyers and sellers of steel and raw materials. It provides additional services, including logistics, price risk management and inventory management.[1]
It is one of the world's largest independent steel traders and operates in 45 countries. As of 2012, the company's turnover exceeded £5 billion.[2] However, since then, the company has undergone a number of restructurings after the company built up large debts and defaulted on an $850 million debt.[3]
The largest shareholder of Stemcor is US distressed investment fund Apollo Global Management.[4]
- ^ "Stemcor". www.stemcor.com. Retrieved 2018-02-14.
- ^ "PwC restructuring scheme helps protect 2,000 jobs at steel trader Stemcor after lenders agree terms - Press room". pwc.blogs.com. Retrieved 2018-02-14.
- ^ Robinson, Duncan; Crabtree, James (26 February 2014). "Stemcor wins agreement to restructure $1.3bn debt pile". Financial Times. Retrieved 2018-02-14.
- ^ Reuters Editorial. "CORRECTED-Troubled British steel trader Stemcor to split in two". U.K. Archived from the original on February 15, 2018. Retrieved 2018-02-14.
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