China’s steel exports in 2007 rose 30% on the previous year, and Stemcor’s global steel trading business has benefited from this surge in trade. The company operates a network of offices around the world, and remains under family control, with the founder’s son Ralph Oppenheimer serving as chairman. As well as its core business trading steel, Stemcor offers its clients transport and financing services. Acquisitions have also driven the group’s growth – last year Stemcor snapped up SPS, which specialises in supplying steel plate to the oil and gas industries. Sales increased to £4,254m in 2007.

This profile reflects the company at time of publication and does not reflect any changes that may have subsequently occurred. Fast Track and its sponsors do not endorse, guarantee or recommend investment in any of the companies.

Company details
Year2008
Rank4
CompanyStemcor
ActivitySteel trader
LocationCentral London
Sales £m4,254
Profit £m109
Year endDec 07
Principal shareholdersRalph Oppenheimer and family (71%), management and staff (29%)
Staff1,089
Founded1951
Websitewww.stemcor.com

If applicable:

* Supplied by company † Annualised figure