Piero Piccolo

Carbofer Group SA is a growth-orientated private company that trades steel, coal, pig iron, iron ore and scraps, invests in projects in those industries and provides shipping and financial services. Its offices are located in all key markets, which give it easy access to the customers worldwide. Utilizing the expertise of highly qualified professionals enables Carbofer to bring confidence and trust to its partners in a changing world. Consolidated revenues of the group exceeded $4.0 Bn in 2008 through an increase in volumes traded by its core business to 9.7 Mn tons and a contribution of its steel distribution network in Russia, which sold 1.2 Mn tons of long products in 2008. The Group is organized into 3 operating units. Trading is focused on the commerce of steel, pig iron, coal and scraps worldwide and consists of 16 representative offices in Europe, CIS, Asia, Americas and Middle East. It is aided by its financial department that provides a wide range of instruments for financial arrangement, risk management and deal execution. Distribution network supports the trading activity by providing shipping services for all of its business and the logistics for door-to-door deliveries in Russia and most of Europe. In particular, Carbofer Metal is the largest Russian steel distribution network. It is a group of companies consisting of 35 warehouses that generated over $1 Bn in revenues in 2008. Investments' mission is to scout, evaluate and take part in projects in sectors related to its core business. Its area of interest ranges from small coal mines to steel mini-mills.