Feralpi converts Profilati Nave to reinforcing steel producer

Italian rebar maker Feralpi is boosting its reinforcing steel output with new investments at Profilati Nave, Kallanish learns from the company.

Profilati Nave is a former merchant bar maker, acquired in 2016 by Feralpi subsidiary Fer-Par for €10 million ($11m). Under Feralpi’s new strategy to boost its core business in reinforced concrete steel products for the domestic and international markets, Profilati Nave has stopped producing merchant bar and will re-roll cold-drawn construction steel products.

It will also pass from Fer-Par to Presider, another Feralpi subsidiary, specialised in pre-shaped reinforcing steel in bar and welded mesh, as well as designing, making and installing preassembled elements.

Presider has a re-rolling capacity of 150,000 tonnes/year and is a supplier to large infrastructure projects in Italy and abroad.

In 2019 Feralpi produced 2.5 million tonnes of steel for a €1.3 billion turnover, stable on 2018. Ebitda stood at €125m against €126m in 2018.