Majority-owned by executive chairman Ralph Oppenheimer and his family, Stemcor trades steel and raw materials, and provides marketing, finance and logistics services to the steel industry. The London-headquartered firm, which bills itself as the world’s largest independent steel trader, employs 1,700 people in 45 countries. Thanks to rising steel prices and increased volumes, sales increased from £3,540m in 2009 to £5,141m in 2010, and the company reported profits of £115m, the highest in its 60-year history.

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Company details
Year2011
Rank5
CompanyStemcor
ActivitySteel trader
LocationCentral London
Sales £m5,141
Profit £m115
Year endDec 10
Principal shareholdersRalph Oppenheimer and family (71%), management and staff (29%)
Staff1,657
Founded1951
Websitewww.stemcor.com

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* Supplied by company † Annualised figure