The global magazine for export and commodity finance TRADE FINANCE issued in its March, 2006 edition the most innovative 41 Deals of the Year transactions in 2005 related to the financing of capital equipment. The coke oven, coke oven machinery and blast furnace coal injection projects Sinosteel Equipment & Engineering Company in ISDEMIR, Turkey won the trade finance deal of the year 2005.

There were a great number of deals transactions in 2005 related to the financing of capital equipment submitted to TRADE FINANCE. Just as described by TRADE FINANCE: “As far as geographical coverage is concerned we have transactions from almost every corner of the globe.” There are several key factors that allow ISDEMIR Project financing of Sinosteel Equipment & Engineering Company to win the deal. As the project export contractor and equipment supplier, Sinosteel MECC exerts to develop project export contracting and mechanic & electric equipment export financing channel. Having received the support from SINOSURE and improved the relationship with SG, it broke through corporate risk in Turkey. It has created three first time: It is the first time for Sinosteel MECC to be supported by a foreign bank on its export contracts. This transaction is the first time Sinosure has supported corporate risk in Turkey. For Isdemir, this is the first time the company has used Chinese export financing.

The success of ISDEMIR Project Financing of Sinosteel Equipment & Engineering Company and its winning of the Deal of the Year fully represent that the company meets the international market requirements and possesses the financing capability participating the international market competition and technical strength, which lays a sound foundation for further developing overseas project contracting and mechanic & electric equipment export market.