stemcor iron ore holdings

stemcor iron ore holdings

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Home. STEMCOR is a leading independently run service provider for the steel industry. We play a vital role, acting as an intermediary between customers and suppliers. We make complex transactions easy for buyers and sellers. With our specialised expertise and knowledge, we help customers choose from over 3,500 different grades of steel and raw ...

Stemcor looks to bounce back after challenging year

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2020-5-22 · it has acquired two iron ore mines in Orissa, India, which are generating profit. They will also support new 4Mt/y beneficiation and pel-letisation plants, which are expected to start production later this year. Stemcor also plans to expand its share of the raw materials market over the next five years as its investments in iron ore mining and ...

Cedar''s acquisition attracted global media''s attention ...

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Cedar Holdings bought out Stemcor, a leading steel trader. From leading news organizations including Reuters, New York Times, Bloomberg and FT: On the night of 21 January (GMT+1), a SPA was signed that sees Cedar Holdings Group Co., Ltd. ("Cedar Holdings") from China purchase the entire share capital of Stemcor Global Holdings Limited ("Stemcor").

Steel group Stemcor returns to profit and pays debt ...

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The other entity carved out from the old Stemcor, Moorgate Industries Limited, is in administration and being wound down and its assets sold off. These include a stake in an iron ore mine and a ...

Stemcor to sell non-core assets over two years

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2014-2-26 · Mumbai: The UK-based steel trader Stemcor Holdings Ltd will continue to sell non-core assets, ... The government imposed a 5% export duty on iron ore pellets a …

Company Details | STEMCOR

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Stemcor''s History. Stemcor was formed in London in 1951 and is an international steel trader, distributer and stockholder. The privately-owned company is an independent trader meaning it is not owned by, nor does it control, any steel producers. This independence ensures that the Group is objective in matching exact customer needs in terms of ...

Visa Steel joins race to buy Stemcor assets | Business ...

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However, for Visa Steel, which neither has iron ore asset nor a pellet plant, the acquisition of Stemcor asset would be crucial, opined a trade source. Visa Steel operates a 500,000 tonne per annum (tpa) steel making unit at Kalinganagar where it has 225,000 tpa pig …

Stemcor Iron Ore Holdings Ltd. & ... vs Aryan Mining ...

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Stemcor Iron Ore Holdings Ltd. & ... vs Aryan Mining & Trading Corpn. Pvt. ... on 3 October, 2017 ORDER SHEET T No.21 of 2017 AP No. . . . of 2017 IN THE HIGH COURT AT CALCUTTA Ordinary Original Civil Jurisdiction ORIGINAL SIDE STEMCOR IRON ORE HOLDINGS LTD.

Stemcor India head Stock sent on leave following buyout ...

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2013-9-18 · New Delhi: Stemcor Holdings Ltd., seeking to sell its Indian iron ore mine and pellet plant to repay about $1.2 billion of debt, removed the managing director of the local unit after he sought to ...

EXCLUSIVE: Stemcor sold to China''s Cedar Holdings for …

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2020-1-22 · Global steel trader Stemcor has been sold to China''s Cedar Holdings for $150 million, a source with knowledge of the matter told Fastmarkets on Wednesday January 22. "Once the transaction is completed, Stemcor''s banking and finance facilities will increase considerably and its business will grow further," the source said.

Bidder to meet Stemcor to hammer down price

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2014-2-6 · Debt-laden Stemcor started the process of selling the company''s Indian assets comprising a pellet plant, stakes in an iron ore and a manganese ore mine and a slurry pipeline in mineral-rich ...

Stemcor acquires scrap, pig iron distributor Ferrosource ...

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2008-7-7 · Stemcor Holdings Ltd has purchased the assets and business of Ferrosource International Inc, a pig iron and scrap metals distributor based in Tequesta, Florida, the London-based steel and raw materials distributor said last week. Stephen Miller, Ferrosource''s previous owner and ceo, will continue to serve as md of the new division, which will ...

Stemcor buys Savage River mine | The Engineer

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2005-2-7 · Ivanhoe Mines is to sell its Savage River open cast iron ore mine in Australia to a subsidiary of London, England-based Stemcor Holdings, a provider of specialist services to the steel industry. The purchase price consists of two initial payments worth $21.5 million, plus a series of contingent, escalating-scale annual payments based on the ...

Stemcor: Leveraging the synergies of a global network to ...

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Unlike iron ore, scrap is scattered around the world. Well-established infrastructure and global network are needed to collect scrap. Stemcor has expanded its business globally since it was purchased by Cedar Holdings last year. Not long after that, Cedar approved Stemcor''s acquisition of a scrap-steel and deep-water port overseas.

Stemcor debt deal saves 1,000 steel jobs in ray of light ...

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2015-10-28 · It is thought the arrangement will see the core Stemcor steel trading business, to be called Stemcor Global Holdings, spun off into one unit, with the troubled iron ore mine held in a separate ...

Stemcor: Latest News, Videos and Photos on Stemcor

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 · Stemcor owns 73% in Aryan Mining via Stemcor Iron Ore Holdings which has 27% stake and a Cyprus co holding another 46% UK-based Stemcor has got a stay against on any change in ownership of Bramhani River Pellets ©2021 Diligent Media Corporation Ltd ...

Products and Services | STEMCOR

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Products and Services. Our core business is steel trading and distribution. By acting as an intermediary, we give steel suppliers an easy way to market their products and secure customers right across the globe. And we give purchasers the expertise and support to find exactly the right quantity and grade of steel to suit their needs.

Stemcor appoints ceo for post-demerger trading company ...

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2015-10-8 · Stemcor appoints ceo for post-demerger trading company. Moorgate Industries has appointed Steve Graf ceo of Stemcor Global Holdings, which will be created after the trader''s demerger is concluded in mid-October, it said on Wednesday October 7. UK-based Moorgate Industries, until recently known as Stemcor, is due to complete a demerger of its ...

Philip Edmonds – Founding Partner – M7 Metals | …

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Stemcor Global Holdings Limited 2005 – Aug. 2015 10 Jahre ... Iron Ore, Scrap, Coking Coal & Steel -Trade Finance Trade Finance -3 weitere Gruppen anzeigen Weniger …

JSW Steel may buy Stemcor''s Odisha assets

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2013-7-24 · JSW Steel Limited is planning to buy assets of Stemcor. The assets such as pellet plant and slurry pipeline are on sale by Stemcor Hodings Limited.

China''s Anshan Steel to Set up Joint Venture with British ...

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2011-2-23 · Institutes: Iron Ore Demand to Decline in 2018 with China''s De-capacity Policy and Production Limit China''s iron ore demand in 2018 is expected to decline due to the country''s various regulations, according to analysts forecast at the 2018 China Steel Industry Chain Summit Forum on Dec 6.

Juha Yrjänä

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Stemcor Global Holdings Limited. Aug 2014 - Present7 years 3 months. Hämeenlinna, Finland.

Stemcor agrees deal with buyout firm Apollo, other ...

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2015-7-6 · It also had a separate $1.3 billion debt, mostly accumulated in buying the India iron ore asset. The new deal with Apollo and the other creditors is for Stemcor''s core steel trading and distribution business, not for the Indian asset, which has been spun off …

Troubled British steel trader Stemcor to split in two

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2015-9-15 · It also had a separate $1.3 billion debt, mostly accumulated in buying the India iron ore asset. Under the above restructuring plan, Moorgate Industries Ltd will own the India iron ore asset, while Stemcor Global Holdings will own the core trading and distribution business. Stemcor has appointed Scott MacDonald as executive chairman.

Metals & Minerals Company | Our Business | ITOCHU …

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2021-8-18 · Provides information about [Our Business : Metals & Minerals Company]. ITOCHU, one of the leading sogo shosha, is engaging in domestic trading, import/export, and overseas trading of various products such as textile, machinery, metals, minerals, energy, chemicals, foods, general products, realty, information and communications technology, and finance, as well as business investment in Japan ...

EXCLUSIVE: Stemcor sold to China''s Cedar Holdings for …

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2020-1-22 · Global steel trader Stemcor has been sold to China''s Cedar Holdings for $150 million, a source with knowledge of the matter told Fastmarkets on Wednesday January 22.

Stemcor said to agree with ICICI Bank on asset sales

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2013-12-7 · Mumbai: Stemcor Holdings Ltd., a UK steel trader restructuring $1.25 billion of debt, reached an agreement with ICICI Bank Ltd. that will pave the way for the sale of its Indian iron and manganese ...

Can Stemcor sell its India assets?

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2015-2-17 · Additionally, Stemcor has a 10% equity stake in Mideast Integrated Steel (MISL) which has an iron ore mine at Roida, Orissa, with a permission to ore 4.4 mtpa. This, too, is shut.

Stemcor''s History | STEMCOR

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Iron ore mining and pellet operations based in India, along with certain other assets, remained in the old Stemcor Group which was subsequently renamed Moorgate Industries. As part of this transaction, a US$100m shareholder term loan was put in place and Stemcor Global Holdings started life with $860M of financing across two committed ...

Raw Materials | STEMCOR

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Raw Materials. We don''t just connect producers with customers; we connect them with raw materials as well. We supply a range of raw materials vital to the steel production process, including scrap, iron ore, pig iron, HBI/DRI, coal, coke and ferroalloys.

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