PRODAC went bankrupt on August 2nd 2012. (http://www.faillissementsdossier.be/en/bankruptcy/523187/prodac-nv.aspx) PRODAC was a Belgian based, privately held company. As a classic trader - dealing a variety of products - PRODAC began its history back in 1966. Swiftly focusing on steel products and more specifically excess prime and secondary materials, PRODAC changed its business model from being a trader to becoming a stockist-merchant; building a reputation in having a wide variety of exclusive excess prime and secondary materials available for immediate shipment around the globe, originating directly from the mills.