The corporation "The Industrial Union of Donbass" is founded in December, 1995 and today is one of the largest companies of Ukraine. The Donetsk regional branch of Academy of technological sciences of Ukraine, The Academy of economic sciences of Ukraine (Donetsk), Donetsk commercial and industrial chamber (Donetsk), Open Company Design-building enterprise "Azovinteks" (Mariupol), Joint-Stock Company "Vizavi" (Donetsk) became its founders.

Sergey Taruta, in 2006 got into ТОP-30 rating of the richest people of Ukraine, made for the special project of the Correspondent magazine, heads corporation.

"IUD" owns, operates, and supervises considerable number of many profiles enterprises in Ukraine and in other countries. The enterprises of ferrous metallurgy and heavy mechanical engineering make the Corporation basis.

"IUD" is a holding, the structure of which includes more than 40 industrial companies in Ukraine and abroad.

The basic business of the company is concentrated in manufacture of steel, hire, steel pipes, coke, the equipment for ferrous metallurgy and cokechemical industries. Other fields of IUD activity cover power, heavy mechanical engineering, building, telecommunications, recreational business and agro sector.

The corporation also acts as the large trader in the market of metal products and the connected kinds of raw materials, such as coal, coke and natural gas.

"IUD" was the active participant of the auction spent in 2005 on sale of 93,02 % of actions of the Open joint-stock company "Krivorozhstal`", but in solving fight for the metallurgical industrial complex, which got under the governmental program of reprivatization, let Indian company Mittal Steel the controlling stock have.