AN INTRODUCTION OF MSTC LIMITED (A GOVT. OF INDIA ENTERPRISE)
MSTC, a Government of India Company is engaged in the business of disposal of Scrap and international trade in it for over 30 years. It was the canalising agency for import in India of Carbon Steel Melting Scrap and also Sponge Iron / Hot Briquetted Iron and Re-rollable Scrap till February, 1992. It was also the canalising agency for old ships for breaking. It specialises in international trade of ferrous input materials and imported millions of tons of ferrous melting scrap, old ships for breaking, Sponge Iron, Hot Briquetted Iron, Re- rollable Scrap etc It also exported thousands of tons of ferrous scrap, jute products etc The Company also undertakes marketing of ferrous and Miscellaneous scrap arising from Integrated Steel Plants, Engineering Companies, Refineries,Power Plants, Coal and Transport Sector, Defence and other Government Departments / Private Sector Organisations in the domestic market. The Company has paid-up capital of Rs. 2.20 crores and Reserve of over Rs. 60 crores.
The Company has two main operational divisions:
This Division largely undertakes import and export of Carbon Steel Melting Scrap, finished Steel/Coal/Coke as also other non-traditional items like SKO, Naptha etc.
The volume of imports in the fiscal 2002-2003 was around Rs. 14680 million and Purchase and Sales transactions from Domestic Sources amounted to a further Rs. 5550 millions.
MSTC with its network of 12 offices all over India, and its policy of operating on a very small margin is in a unique position to help International Commodity traders establish a market and clientele on a long term basis. With its experience and expertise in Foreign trade, it is also in a position to help Indian user of imported raw material to procure such material on a sustained basis with most economic prices.
The Division is responsible for disposal of ferrous and miscellaneous scrap from steel plants as well as disposal of scrap and used stores, rejected, wastes, etc. and surplus items from over 150 Public Sector Undertakings and Departments.
The Corporation also has a Management Services Division which provides the operational divisions regular feed back on market research. The Company's registered and corporate office is located at Calcutta and it has four Regional Offices at Calcutta, Delhi, Chennai and Mumbai. Besides, the company has branch offices at Bangalore,Vizag and Bhopal and also some site Offices. The disposal activity is carried out through Tenders / Auctions / Tender -cum -Auctions / e-auction etc. The Volume of Sales in 2003 -2004, under this portfolio was Rs. 7380 millions
for further details go to www.mstcindia.com