Founded in 1921 as Fero Sport Hunedoara, the club bore various names over time, but stuck with Corvinul, inspired by the history of the Hunyadi family (Romanian: Familia Corvinilor) and the local Corvin Castle.

Iosif Onciu (then director of the Iron Plant) was elected president, and Ludovic Rimbaș held both the position of secretary of the club and the manager of the team.

[3] In that season, Hunedoara finished on the first place in the 2nd Series, 4 points away from the runners-up, another team financially supported by the Steel Industry of Romania, Metalul Câmpia Turzii.

The situation began to become dramatic after another year, when Corvinul made one of its worst seasons and was ranked the last in the Divizia B, relegating down to the third tier, for the first time in the last decade.

After the relegation, the local authorities decided to change again the name, because Corvinul was an unlucky choice and renamed the club as Siderurgistul Hunedoara, again financially supported by the Iron Plant.

As a result, Siderurgistul (again Metalul Hunedoara since 1964) played for no less than five consecutive seasons in the Divizia C. Finally, "the Steelworkers" promoted back in 1967, when they were ranked 1st, four points in front of another "factory team", Tractorul Brașov.

Starting with the spring of 1976, young footballers of the club such as Dorin Nicșa, Ioan Petcu, Florea Văetuș, Gheorghe Albu or Mihai Viespe begin to be summoned to the national groups of juniors and youth.

A natural fact, especially since, at the end of the 1976–77 season, Corvinul Reserves Squad was ranked on an honorable 3rd place in the championship.

After the match in which "the Steelworkers" lost any chance of remaining in the top-flight, Mircea Lucescu had one of the most pleasant "shocks" of his life when he was taken out from the stadium on arms and led in cheers and encouragement to his home by the fans, like a hero, although the team had just relegated.

The squad was managed by Mircea Lucescu (player and manager) and was formed by following players: Niculai Alexa, Marian Ioniță – Ioan Andone, Mircea Rednic, Ioan Bogdan, Dumitru Gălan, Florin Dubinciuc, Michael Klein, Constantin Dumitriu, Victor Oncu, Dorin Nicșa, Dorin Mateuț, Ioan Petcu, Romulus Gabor, Florea Văetuș, Florea Dumitrache and Mircea Lucescu.

Ardeleanu's words from that time, remained deeply inscribed in the history wall of the club: "Corvinul is an important name in the Romanian football.

[11] Back in the second division, "the Ravens" accused the shock of relegation and obtained two weak rankings, in the middle and second half of the table, then the 1994–95 season it seemed to be their chance to save and relaunch the club.

"The White and Blues" finished the championship as runners-up in their series and qualified for the promotion play-off, where they lost 0–1 against Sportul Studențesc București.

In the same period, the productive Youth Center of Corvinul gave to the Romanian football a new important name, Bogdan Lobonț, who will be sold to Rapid București, two years later.

Back in the second division, Corvinul results were modest and the financial support of the Iron Plant less and less consistent, thus between 1996 and 1999, the team settled in the middle of the table, between 7th and 10th place.

[12] Apart from its financial and sportive situation, Youth Center of Corvinul continue to "produce" important players, among them Bogdan Andone, Decebal Gheară or Bogdan Apostu, thus, with a new generation and some financial support from the Municipality of Hunedoara, Corvinul fight for a new promotion, but end the 1999–2000 season only on the 3rd place, behind Gaz Metan Mediaș and ARO Câmpulung.

For the next four seasons, Corvinul played in the second division, but at its best was ranked 7th, finally in the autumn of 2004 the club was excluded from all competitions by the Romanian Football Federation because of the debts accumulated over the years.

160,500$, even though the club has managed to postpone this sentence since 2008, in the light of a lawsuit won against Rapid București regarding Bogdan Lobonț transfer to Ajax.

These entities used the white and blue colors, Michael Klein Stadium as a home ground and were also cheered by the fans and ultras groups dedicated to the original FC Corvinul.

Now, it is expected that in the summer of 2022, CS Hunedoara will be merged with FC Corvinul, in order to bring back to life the old club, but also to give legal continuity for the last 17 years of struggles.

On Wednesday, 15 May 2024, Corvinul played Oțelul Galați in the Municipal Sibiu Stadium, in which the score ended 2-2, but on penalties they have won by 3–2.

In its first years of existence, Fero Sport Hunedoara played its home matches on the Poarta Zgurii Stadium, a ground with a capacity of only 400–500 people, two locker rooms, a warehouse and a few small annexes.

The locker rooms were in some annexes near the Corvin Castle, and the footballers were transported to the Hășdat Stadium by carts or trucks.

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