July 24, 2014 9:44 PM ET

Metals and Mining

Company Overview of Stemcor Holdings Limited

Company Overview

Stemcor Holdings Limited trades and distributes steel and steel making raw materials to producers and purchasers of steel. The company offers customized finance packages to the steel industry; supplies steel producers with raw materials used in the production process, including iron ore, pig iron, HBI/DRI, coal, coke, ferroalloys, and scrap; trades long, flat, tubular, and semi-finished steel products, as well as engineering steel, stainless steel, and other steel products for automotive, engineering, and oil and gas markets; and offers price risk management solutions. It also offers logistics services, such as handling, loading, shipping, breaking bulk, storage, insurance, inspection, inlan...

CityPoint

1 Ropemaker Street

London,  EC2Y 9ST

United Kingdom

Founded in 1951

1,410 Employees

Phone:

44 20 7775 3600

Fax:

44 20 7775 3679

Key Executives for Stemcor Holdings Limited

Chief Executive Officer and Director
Age: 54
Chief Financial Officer and Director
Age: 56
Group Managing Director
Age: 52
Head of Stemcor Norway AS
Chief Restructuring Officer
Age: 51
Compensation as of Fiscal Year 2014.

Stemcor Holdings Limited Key Developments

Essar Reportedly In Talks To Acquire Stemcor's Assets

Essar Steel India Limited is reportedly in talks to acquire Stemcor Holdings Limited's Indian iron ore stake. Essar Steel has joined Jindal Steel & Power Ltd. (BSE:532286); Tata Steel Limited (BSE:500470); and JSW Steel Ltd. (BSE:500228) in the bidding battle for Stemcor India Pvt Ltd.'s iron ore assets. "We are in talks with Stemcor and keenly looking to acquire Stemcor's Indian assets," a source at the company said Steel First. "We have worked together in the past and have good relations with the company's management," the source added. Stemcor sold its stake in the mill to Essar Steel in 2003. "However, it is not our policy to comment on any specific proposal."

Colonial Put Carter's Grove For Sale

Colonial Williamsburg Company, Inc. is planning to sell Carter's Grove Plantation on the market. The foundation that runs the heritage attraction made the lone bid Wednesday on the historic plantation. The bid was $7.4 million. A bankruptcy judge in Norfolk approved the sale to the Colonial Williamsburg Foundation.

JSPL Reportedly To Acquire Stemcor India For $1 Billion

Jindal Steel & Power Ltd. (BSE:532286) may acquire Stemcor India Pvt Ltd from Stemcor Holdings Limited for $1 billion, The Economic Times reported citing sources privy to the matter.

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