FERROTRADES INTERNATIONAL

INTRODUCTION

FERROTRADES is one the largest scrap broker and supplier in Turkey and trade extensively in international

markets as well. Our sophisticated communication network gives traders access to up-to-the-minute price quotes, scrap availability.We co-operate 7 ferrous brokerage offices staffed with 82 full-time traders, who are the vital link between the producers and the consumers of scrap and scrap substitutes. We know who is buying and selling what kinds of scrap where, when, and for how much. The most successful and progressive scrap consumers rely on FERROTRADES to supply metallic raw materials for their operations. FERROTRADES provide global coverage, in concert with our European affiliates including the largest scrap processor and traders in Europe, USA as well.With more than 5 years of solid growth and legendary integrity, and with the strongest balance sheet in the business, our stability and financial strength assure that our commitments are met.

FERROTRADES continuously develop new sources of steel products and substitutes for our customers - - from the smallest foundries to the largest steel producers - - and are the top in network leadership in developing offshore metallic sources for Turkish, European and Asian markets. Cargo shipments of metallic raw materials

have been made from the US East Coast, US West Coast, Canada, South America, Western Europe, X-CIS countries, Asia and Australia.We routinely deal with a growing network of suppliers including small, family-owned metal processors and large, industrial corporations.

Our industrial sources list includes all of the large Steel manufacturers, suppliers of components to the auto industry, manufacturers of appliances, agricultural equipment, electric motors and switchgear, and many other Fortune 500 industrial companies. We provide global coverage, in concert with our European affiliates including the reputable metal processor and trader in Europe

STEELSCRAP

FERROTRADES will be one of the the main supplier of steel scrap to Turkey, European and Asian steelworks and foundries in the closest time. This steel scrap is sold as so-called secondary raw material and without any quality losses to steelworks and foundries and therefore recycled. They produce a new final product from it, steel or cast steel. Therefore the recycling industry makes an important contribution to conservation of the world’s resources. Recycling is applied environmental protection! Every day FERROTRADES organises various grades of scrap from traders and suppliers all over Europe, America and CIS. The defined grades are produced in our world wide known patner companies facilities using standard sorting methods and processing equipment such as shredders, shears, presses and mills. The products are categorised into standard grades and sold to the steelworks and foundries as required. They are transported by truck, train and ship.

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PHILOSOPHY

FERROTRADES is a privately-held company and wishes to remain so. FERROTRADES is a decentralised company. Great trust is placed in our people in the field. This decentralisation provides an excellent opportunity for individual development. Mutual respect and trust provides the basis for happiness at work. FERROTRADES's most important values are integrity and loyalty. Integrity means being honest, genuine and totally open in communications about all matters that concern the company. Good news may travel slowly, bad news should travel quickly. Loyalty means putting your best effort into your work for the company and its development.Based on the integrity and loyalty of our people, FERROTRADESwishes to continue to grow both for the benefit of our shareholders, our employees and for the well-being of the society in which we live and work.

SALES TERMS AND CONDITIONS

1. Shipments shall at all times be subject to the approval of Seller’s Credit Department.

2. Any taxes which Seller may be required to collect and remit, under any existing or future law, upon or with respect to the sale, purchase, delivery, storage, processing, use, consumption or transportation of any of the materials covered hereby, shall be for the account of Buyer who shall promptly pay the amount thereof to Seller upon demand.

3. Seller reserves the right to select the means of transportation and routing and to ship loads of any quantity without charge to Seller. Charges for spotting, switching, handling, storage, other accessorial services and demurrage shall be for Buyer’s account. Carriers are responsible for materials lost or damaged in transit and Buyer should immediately give written notice of any such loss or damage to the carrier.

4. Seller makes no representation as to the quality, composition, merchantability, mechanical properties, variations in tolerances, or defects that might be encountered and Seller cannot be held responsible for imperfections discovered by the Buyer. ALL WARRANTIES, WRITTEN OR VERBAL, EXPRESS OR IMPLIED (INCLUDING ANY WARRANTY OF MERCHANTABILITY OR FITNESS FOR ANY PARTICULAR PURPOSE) ARE HEREBY EXCLUDED.

5. Claims, including but not limited to those, for errors, shortages, imperfections, deficiencies, etc. will not be accepted by Seller unless made within fifteen days after shipment of the materials. Materials rejected must in the original form in which sold with no more than five percent weight loss from any single bundle. Seller must be notified of any weight discrepancies before processing. No credit will be given for processed material. Seller shall, in no event, be liable for charges such as labor charges, freight charges, nor for consequential damages arising from the use of unsuitable or defective materials. In no event shall Seller’s liability exceed the purchase price of the materials. In case materials furnished by Seller are unsuitable or not in accordance with the provisions hereof, Buyer must set aside and hold such materials without further processing until the Seller approves the disposition of the material. Seller shall have the right to either replace any such defective materials or to refund the portion of the purchase price applicable thereto. No materials may be returned to Seller without Seller’s written consent.

6. Accepted orders cannot be cancelled or changed without the written consent of a duly authorized employee of the Seller. No terms or conditions, other than those stated herein, and no agreement or understanding, oral or written, in any way purporting to modify these terms or conditions whether contained in Buyer’s purchase order, shipping release forms, or elsewhere, shall be binding on Seller unless hereafter made in writing and signed by the Seller’s authorized representative. All proposals, negotiations, and representations, if any, made prior, and with reference hereto, are merged herein.

7. Any clause required to be included in a contract of this type by any applicable law or governmental regulation shall be deemed to be incorporated herein.

8. Waiver by Seller or Buyer of any breach of these provisions shall not be construed as a waiver of any other breach.

DISCLAIMER

Access to and use of this FERROTRADES site is subject to the following terms and conditions.
All intellectual property rights in all materials on this site are owned by FERROTRADES and affiliated companies or are included with permission of the relevant owner.
You are permitted to browse this site and to reproduce extracts by way of printing, downloading to a hard disk, and by distribution to other people, but in all cases for non-commercial, informational and personal purposes only. No reproduction of any part of the site may be sold or distributed for commercial gain nor shall it be modified or incorporated in any other work, publication or site, whether in hard copy or electronic format, including posting to any other site. No other licence or right is granted.
The information on this site has been included in good faith but is for general informational purposes only. It should not be relied on for any specific purpose and no representation or warranty is given as regards its accuracy or completeness.
Neither FERROTRADES nor any affiliates nor their or their affiliates' officers, employees or agents shall be liable for any loss, damage or expense arising out of any access to or use of this site or any site linked to it including, without limitation, any loss of profit, indirect, incidental or consequential loss.
We reserve the right to make any changes and corrections to this site as and when we consider it appropriate and without notice.