1979 Bruno Bolfo, Chairman of the Board, and a group of other steel professionals to exploit the advantages of “emerging markets” in steel production established Duferco. Based in New York and Sao Paulo, Brazil, the Company, through its relationship with local steel producers, quickly became the leading independent exporter of Brazilian steel throughout the World.
In the early 1980s, using its success in Brazil as a springboard, Duferco began to source steel products in other Countries. Firstly in other South American Countries, with its largest success in Argentina, Venezuela and Mexico, than in North America and Europe, with the first European office opening in London in 1981 and a chain of offices during the late 1980s. After Thailand, the Company opened offices in Taiwan, the Philippines, Singapore, Hong Kong, China and South Korea.