Stemcor expands in engineering steels

Stemcor, the world’s largest independent steel trader, is expanding its stockholding network in Europe and Australia specifically to support its engineering steel trading business.

In Spain, Stemcor has set up Stemcor Aceros Especiales. Based in Bilbao and managed by Aitor and Iker Garay, it will stock a wide range of engineering steel profiles for distribution throughout the Iberian Peninsula. In Germany, Stemcor has launched a new initiative under the name of Stemcor Automotive and Processing. Based in Dusseldorf and managed by Dr. Stefan Miskiewicz and Hossein Kheiri, it will sell high specification engineering steels for domestic consumption.

In Australia, Stemcor has entered into a joint venture to acquire Global Metals Pty Ltd from the Neumann Group. Established in 1990, Global Metals sources local and imported speciality steels and steel alloys and supplies to customers from warehouse facilities in Adelaide, Brisbane, Melbourne, Perth and Sydney. Under the agreement, Stemcor Australia Pty Ltd will acquire a 50% shareholding in Global Metals. Rod Gregory, who has over 30 years’ experience in steel distribution and is appointed Managing Director of the joint venture, will acquire the balance of shares.

Ron Harvey, Product Manager of Stemcor’s global engineering steels business, said: “Engineering steels is the Group’s longest established specialist trading activity and has grown steadily since its formation in 1994. With these latest developments, we now trade around 400,000 tonnes per annum and have 25 sales offices with 120 people dedicated to serving the needs of engineering steel stockholders and end-users around the world.”