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2017 accounts

Stemcor Global Holdings, a privately held, leading global steel trading and distribution business, is pleased to report financial results for the year to 31 December 2017. The results highlight continued positive operating results, a turnaround in market conditions and Stemcor returning to consolidated Group profit for the first time since a major restructuring was undertaken in 2015.


The Group’s principal activity during the year was the international trading and distribution of steel and steel making raw materials.

2017 Highlights:

  • 3.7 million tonnes of steel and raw material sold, down 15% year-on-year due to sale of non-core assets;
  • Total revenue increased 8% to US$2.11bn in 2017 (2016: US$1.96bn);
  • Gross profit of US$124m (2016: US$119m);
  • Strong increase in EBITDA for 2017 of US$48m, a 45% increase (2016: US$33.3m)
  • Adjusted Group profit before tax of US$19m achieved for the full year 2017 (2016: Loss of US$3.2m);
  • Cash flow generation and asset sales used to more than halve debt to US$47.5m; and,
  • Disposals of non-core businesses to focus on key business activities.

Post period end:

  • US$47.5m equity raise since year end, facilitating the full repayment of the Term Loan on 12 February 2018; and,
  • New financing facilities totalling in excess of US$600m were secured across Europe, Americas and Asia
  • Martyn Konig announced as new Non-Executive Group Chairman.

Steve Graf, CEO of Stemcor, commented: “It is with great pleasure that I present our results for the 2017 financial year.
Our hard work and dedication following the restructuring of 2015 has delivered a strong set of numbers that reflect a focus on improved margin realisation and market conditions.

In addition, a strategy to focus on our core trading activities resulted in the successful sale of a number of business units during the year, enabling the refinancing of the rest of the group.

As part of our ongoing strategy to cement our position as a global steel trading and distribution business, I would like to welcome our new Chairman, Martyn Konig. We look forward to working closely with Martyn, utilising his experience and knowledge of the commodities sector to further strengthen Stemcor.”



STEMCOR is a leading, independently run, service provider for the steel industry. We play a vital role by acting as an intermediary between suppliers and customers.


Stemcor Group Longbow House 4th Floor, 14-20 Chiswell Street London EC1Y 4TW United Kingdom
+44 (0)20 7775 3600
+44 (0)20 7775 3679