Stemcor, the international steel trading company, raised its sales by £1.2 billion to £2,778m in 2004. Steel prices rose sharply over the year, but the London company also increased volumes by nearly 50%, selling about 15m tonnes of steel and steel-making raw materials. Stemcor was founded as a joint Anglo-German venture in 1951 and is now run by the founder’s son, Ralph Oppenheimer.
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