Trading Companies and Distributors
Company Overview of Stemcor Holdings Limited
Stemcor Holdings Limited trades and distributes steel and steel making raw materials to producers and purchasers of steel. The company offers customized finance packages to the steel industry; supplies steel producers with raw materials used in the production process, including iron ore, pig iron, HBI/DRI, coal, coke, ferroalloys, and scrap; trades long, flat, tubular, and semi-finished steel products, as well as engineering steel, stainless steel, and other steel products for automotive, engineering, and oil and gas markets; and offers price risk management solutions. It also offers logistics services, such as handling, loading, shipping, breaking bulk, storage, insurance, inspection, inlan...
1 Ropemaker Street
London, EC2Y 9ST
Founded in 1951
Key Executives for Stemcor Holdings Limited
Chief Executive Officer and Director
Chief Financial Officer and Director
Director of Far East, Director and Managing Director of Stemcor (SEA) Pte Ltd
Head of Stemcor Norway AS
Compensation as of Fiscal Year 2015.
Stemcor Holdings Limited Key Developments
Anshan Reportedly Seeks To Acquire Stemcor
Jan 16 15
Anshan Iron and Steel Group Corporation is looking to acquire international trading business of Stemcor Holdings Limited, sources close to Stemcor told Steel First on January 16, 2015. "We are in conversations with a number of parties that have expressed interest in acquiring Stemcor’s core trading and distribution business," a spokesman for Stemcor told Steel First. The sale of Stemcor’s trading business to Anshan would represent the second major acquisition by a Chinese steel mill of a European steel trading company in the past year.
Aditya Birla To Acquire Stemcor Indian Assets
Nov 11 14
Aditya Birla Management Corporation Pvt. Ltd. is planning to acquire Indian assets of Stemcor Holdings Limited. There is no guarantee that these discussions will result in a definitive transaction, according to the people cited earlier. Spokesperson of Birla Group said that the group does not comment on market speculation and spokesperson for Stemcor in London said, "The regulatory environment in Odisha is currently quite complicated so our discussions with third parties are on hold until the situation is resolved. There is no timeline attached to the sale of our Indian assets. All of that said, they are very valuable assets and continue to attract interest. We don't comment on any specific approaches or dialogue."
Essar Reportedly In Talks To Acquire Stemcor's Assets
Jul 1 14
Essar Steel India Limited is reportedly in talks to acquire Stemcor Holdings Limited's Indian iron ore stake. Essar Steel has joined Jindal Steel & Power Ltd. (BSE:532286); Tata Steel Limited (BSE:500470); and JSW Steel Ltd. (BSE:500228) in the bidding battle for Stemcor India Pvt Ltd.'s iron ore assets. "We are in talks with Stemcor and keenly looking to acquire Stemcor's Indian assets," a source at the company said Steel First. "We have worked together in the past and have good relations with the company's management," the source added. Stemcor sold its stake in the mill to Essar Steel in 2003. "However, it is not our policy to comment on any specific proposal."
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