Duferco Participations Holding SA, is a company based in

Luxembourg City Luxembourg ( lb, Lëtzebuerg; french: Luxembourg; german: Luxemburg), also known as Luxembourg City ( lb, Stad Lëtzebuerg, link=no or ; french: Ville de Luxembourg, link=no; german: Stadt Luxemburg, link=no or ), is the capital city of the Lu ...

Luxembourg Luxembourg ( ; lb, Lëtzebuerg ; french: link=no, Luxembourg; german: link=no, Luxemburg), officially the Grand Duchy of Luxembourg, ; french: link=no, Grand-Duché de Luxembourg ; german: link=no, Großherzogtum Luxemburg is a small lan ...

. Its main business is trading, producing, importing and exporting

steel Steel is an alloy made up of iron with added carbon to improve its strength and fracture resistance compared to other forms of iron. Many other elements may be present or added. Stainless steels that are corrosion- and oxidation-resistant ty ...

History

Duferco was founded in 1979 by

Italian Italian(s) may refer to: * Anything of, from, or related to the people of Italy over the centuries ** Italians, an ethnic group or simply a citizen of the Italian Republic or Italian Kingdom ** Italian language, a Romance language *** Regional Ita ...

Bruno Bolfo. His goal was to learn from

Brazil Brazil ( pt, Brasil; ), officially the Federative Republic of Brazil (Portuguese: ), is the largest country in both South America and Latin America. At and with over 217 million people, Brazil is the world's fifth-largest country by area ...

from worldwide steel export. In 1982, the company moved its headquarters from New York and São Paulo to Lugano. Initially active only in the steel trade, Duferco also expanded its activities to the

commodities trade A commodity market is a market that trades in the primary economic sector rather than manufactured products, such as cocoa, fruit and sugar. Hard commodities are mined, such as gold and oil. Futures contracts are the oldest way of investing ...

in the early 1990s, in particular with raw materials for the steel industry such as coke,

coal Coal is a combustible black or brownish-black sedimentary rock, formed as rock strata called coal seams. Coal is mostly carbon with variable amounts of other elements, chiefly hydrogen, sulfur, oxygen, and nitrogen. Coal is formed when dea ...

iron ore Iron ores are rocks and minerals from which metallic iron can be economically extracted. The ores are usually rich in iron oxides and vary in color from dark grey, bright yellow, or deep purple to rusty red. The iron is usually found in the fo ...

pig iron Pig iron, also known as crude iron, is an intermediate product of the iron industry in the production of steel which is obtained by smelting iron ore in a blast furnace. Pig iron has a high carbon content, typically 3.8–4.7%, along with silic ...

sponge iron Direct reduced iron (DRI), also called sponge iron, is produced from the direct reduction of iron ore (in the form of lumps, pellets, or fines) into iron by a reducing gas or elemental carbon produced from natural gas or coal. Many ores are suit ...

. With the acquisition in 1996 of the Italian '' Ferdofin Siderurgica '' (later renamed '' Duferdofin'') Duferco rose in the steel production. Later, the company acquired additional steel mills, especially in Italy, Belgium and Eastern Europe. After the turn of the millennium, Duferco split its activities with, among other things, its entry into the energy, shipping and logistics sectors.

Business

The activities of the Duferco Participations Holding SA are divided into areas of trading, production and sales and producing energy and services. Trading activities include all types of steel and steel products as well as raw materials for the steel industry. In 2007, the trade volume was 17.5 million tons, of which just under two thirds were steel and steel products and around one third raw materials. Duferco has 20 own steel works. In 2007, these produced a total of 6.9 million tonnes of steel. Sales includes the sale of processed steel products. The group is also increasingly active in selected sectors of the energy sector, in particular renewable energies, shipping companies and logistics.

Subsidiaries Companies and High Debt Level Issue

Duferco Participations Holding SA can count on a large number of subsidiary companies, including: Duferco Italia Holding Spa, Duferco Travi e Profilati S.p.A., Duferco Commerciale Spa, Duferco Energia Spa, Duferco Bulgaria, Duferco Wallonie S.A., Duferco France S.N.C., Duferco Participations Holding S.A., Virtual Duferco Group, Ironet Ltd Romania, Duferco S.A. (Switzerland company), Duferco Kiev Representative Office, Ipacer S.A. and many more. Duferco Italia Holding company had a negative net income of 13 millions euro on 2015 and it has a total debt amount of 234 € millions.

References

External links

* {{official, http://www.duferco.com Steel companies of Luxembourg Companies established in 1979