| 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 and 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. In 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 the US distressed investment fund Apollo Global Management.[4]
- ^ "Products and Services". Stemcor. Retrieved 17 October 2024.
- ^ "PwC restructuring scheme helps protect 2,000 jobs at steel trader Stemcor after lenders agree terms". PWC. 28 October 2015. Archived from the original on 9 November 2015. Retrieved 17 October 2024.
- ^ Robinson, Duncan; Crabtree, James (26 February 2014). "Stemcor wins agreement to restructure $1.3bn debt pile". Financial Times. Retrieved 14 February 2018.
- ^ "CORRECTED - Troubled British steel trader Stemcor to split in two". Reuters. Archived from the original on 15 February 2018. Retrieved 14 February 2018.