Stemcor
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Stemcor is a British steel trading and distribution company. The company acts as an intermediary between buyers and sellers of steel and raw materials. It provides additional services, including logistics, price risk management and inventory management. It is one of the world's largest independent steel traders and operates in 45 countries. In 2012, the company's turnover exceeded £5 billion. However, since then, the company has undergone a number of restructurings after the company built up large debts and defaulted on an $850 million debt. The largest shareholder of Stemcor is the US distressed investment fund Apollo Global Management.
Stemcor is a British steel trading and distribution company. The company acts as an intermediary between buyers and sellers of steel and raw materials. It provides additional services, including logistics, price risk management and inventory management. It is one of the world's largest independent steel traders and operates in 45 countries. In 2012, the company's turnover exceeded £5 billion. However, since then, the company has undergone a number of restructurings after the company built up large debts and defaulted on an $850 million debt. The largest shareholder of Stemcor is the US distressed investment fund Apollo Global Management.
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