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.
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