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2022 Full Year Results

London, 15th August 2022: Stemcor Global Holdings Ltd, a privately held, leading global steel trading and distribution business, is pleased to report financial results for the year to 31 December 2022.  2022 was a year of contrasting and dynamic market conditions, which the Group managed to successfully navigate and deliver another outstanding performance. 


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

2022 Highlights:

  • Sourcing and delivery of 2.5mt (FY2021: 3.1 mt) of steel and raw materials during the year, reduction mainly due to supply chain disruption arising from the war in Ukraine
  • Total revenue of US$2.4bn in 2022 (FY2021: US$2.3bn) impacted by:
    • periods increased price given the war in Ukraine
    • higher proportion of steel product shipments
  • Gross Profit of US$116m (FY2021: US$125m)
  • EBITDA(1) for 2022 of US$47m (FY2020: US$56m)
  • Profit before tax(2) of US$31.5m (FY2021: US$43.9m)
  • Net assets increase to $190m

The Group’s Annual Report and Financial Statements for year ended 31 December 2022 can be seen here.

1. Operating profit before depreciation and amortisation
2. Profit before taxation and movements on financial assets and liabilities at fair value through the profit and loss


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