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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Company details
Year2009
Rank3
CompanyStemcor
ActivitySteel trader
LocationCentral London
Sales £m6,289
Profit £m105
Year endDec 08
Principal shareholdersRalph Oppenheimer and family (71%), management and staff (29%)
Staff1,364
Founded1951
Websitewww.stemcor.com

If applicable:

* Supplied by company † Annualised figure