The club was founded in 1957 as Zavod Stalin by the merger of two local teams Stroitel and Torpedo.

The team performed decently in their first season of top-level football, achieving a mid-table finish.

In terms of sporting performance, the second season in the elite was also successful, however it was marred by off-field controversy.

It was discovered that Metalurg was involved in a match-fixing scandal with other teams,[2] which resulted in the Bulgarian Football Union expelling the club from the A Group, ending their two-year stay in the elite.

Note: Flags indicate national team as defined under FIFA eligibility rules; some limited exceptions apply.