The club currently plays in Liga Nacional de Básquet, the top division of the Argentine basketball system.

Ferro disaffiliated from the FAB in 1941, switching to recently founded "Asociación Argentina de Básquet" (AAB).

Ferro also became the first Argentine team to win the Campeonato Sudamericano de Clubes (South American Club Championship) in 1981 and 1982, with the second title after beating Obras Sanitarias in the final.

Najnudel left the club to coach Spanish team CB Zaragoza, being replaced by former player Luis Martínez.

At the end of 2003–04 season, Ferro was relegated to the Argentine second division, the Torneo Nacional de Ascenso (TNA).