Siderurgica Venezolana SA engages in the production and distribution of steel products and iron ore briquettes for the domestic and export markets. It operates through the International Briquettes Holding (IBH) and Siderúrgica del Turbio (Sidetur) business units. The IBH unit deals with the commercialization of products directed to industrial sectors, among which include machinery, industrial spare parts, raw materials, and intermediate and finished products. The Sidetur unit refers to the company's steel division, which handles the gathering and processing of ferrous scrap to the elaboration of finished steel products for the construction industry and millwork. The company was founded on November 5, 1948 and is headquartered in Caracas, Venezuela.