The Jersey-based group, which was founded by the father of veteran Labour MP Dame Margaret Hodge, has been the subject of talks about a sale in recent weeks, Sky News learns.
The Chinese owner of Stemcor, the historic British steel trader, is exploring a sale less than a year after it last changed hands.
The company, which is now headquartered in Jersey, has been owned by ShouYe Holdings, a Hong Kong-based entity, since last July. Stemcor was founded in 1951 by Hans Oppenheimer, a German immigrant to the UK who built it into an international powerhouse in steel trading and stockholding.
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