Duferco Participations Holding SA, is a company based in

Luxembourg City Luxembourg (; ; ), also known as Luxembourg City ( or ; ; or ), is the capital city of Luxembourg and the Communes of Luxembourg, country's most populous commune. Standing at the confluence of the Alzette and Pétrusse rivers in southern Luxe ...

Luxembourg Luxembourg, officially the Grand Duchy of Luxembourg, is a landlocked country in Western Europe. It is bordered by Belgium to the west and north, Germany to the east, and France on the south. Its capital and most populous city, Luxembour ...

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

steel Steel is an alloy of iron and carbon that demonstrates improved mechanical properties compared to the pure form of iron. Due to steel's high Young's modulus, elastic modulus, Yield (engineering), yield strength, Fracture, fracture strength a ...

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, a Romance ethnic group related to or simply a citizen of the Italian Republic or Italian Kingdom ** Italian language, a Romance languag ...

Bruno Bolfo. His goal was to learn from

Brazil Brazil, officially the Federative Republic of Brazil, is the largest country in South America. It is the world's List of countries and dependencies by area, fifth-largest country by area and the List of countries and dependencies by population ...

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 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 Chemical element, elements, chiefly hydrogen, sulfur, oxygen, and nitrogen. Coal i ...

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 f ...

pig iron Pig iron, also known as crude iron, is an intermediate good used by the iron industry in the production of steel. It is developed by smelting iron ore in a blast furnace. Pig iron has a high carbon content, typically 3.8–4.7%, along with si ...

or sponge iron. 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