Majority-owned by chairman Ralph Oppenheimer and his family, this business trades steel and provides marketing, finance and logistics services to the steel industry. Although tumbling steel prices have hit profit margins, Stemcor’s turnover still rose 48% to £6,289m in 2008. Acquisitions continue play a part in the company’s growth, and in the past year it has added steel stockholding operations in Britain, France, Spain and Australia.
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