1,012SEK M Sale
The company’s core business consists of selling pig iron, mainly from suppliers in Brazil. Scrap metal, from the Group’s Scandinavian companies, is also sold, in collaboration with Stena Metall International. The majority of its customers are located in Southeast Asia and North America, although Stena Metal Inc. also does business in Europe and Latin America.
Although the business model is still primarily based on traditional trading, an increasing number of transactions are conducted with full transparency between buyers and sellers. Stena Metal Inc. helps manufacturers initiate and maintain contact with buyers and facilitates logistics, transportation and financing, in order to simplify transactions between all parties.
CONTINUOSLY STABLE DEVELOPMENT
Stena Metal Inc. made good progress during the year, in terms of both sales and profitability. A number of new, important customers were added, though a relatively small number of customers and suppliers still account for the majority of sales. Relationships with several of these customers are measured in decades.