Unibros was founded in 1988 by Vladimir Delic. When, in the early years, bank funding was almost impossible in the CIS countries Unibros, through counter-trade, provided the mills with a full range of raw material such as coal, gas, iron ore, and equipment. In exchange Unibros took from these mills their semi and finished products which resulted in the company being one of the largest distributors of all steel products from the region on a worldwide basis.