Stemcor said planning asset sales as part of restructuring

May 15, 2013 | 11:55 AM | Michelle Madsen

Tags  Stemcor, iron ore pellets, iron ore, Julian Verden, divestment, Michelle Madsen

LONDON — Stemcor Holdings Ltd., the world’s largest steel trader, plans to divest parts of its business in a wider restructuring process implemented by new chief executive officer Julian Verden, sources close to the company told AMM sister publication Steel First.

The privately owned steel trader is considering selling its 4-million-tonne iron ore pellet plant in eastern India, Steel First has been told. ....

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