Stemcor (uk) Ltd. Nariman Point, Mumbai, Maharashtra

Stemcor’s core business is steel trading. We act as a trading intermediary between producers and purchasers and provide a range of value-adding services. The goods we trade include long, flat, tubular and semi-finished products. We also trade specialised products such as engineering steels, stainless steels and steel products for the oil & gas industry.

Stemcor supplies steel producers with raw materials used in the production process. These include iron ore, pig iron, HBIDRI, coal, coke, ferroalloys and scrap. Since the raw materials trading business began in the year 2000, volumes have grown dramatically and the business now handles more than 10m tonnes per annum. Much of our raw material trading involves the use of sophisticated financing techniques including countertrade arrangements, tolling and barter settlements. The raw materials trading business is supported by Stemcor’s iron ore mining interests, predominantly in India. These include investments in two iron ore mines which, from mid 2010, will support beneficiation and pelletisation plants with a capacity of 4m tonnes per annum. Stemcor also retains minority iron ore mining interests in Australia