INTRODUCTION OF MSTC LIMITED (A GOVT. OF INDIA ENTERPRISE)
MSTC, a Government of India Company is engaged
in domestic and international trading activity 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. 47 crores.
The Company has two main operational
This Division largely undertook import and
export of Carbon Steel Melting Scrap and now enlarging its import activity in
Steel/Coal/Coke as also other non-traditional items like SKO, Non-ferrous and Ferro-alloy
The volume of imports in the fiscal 2003-04 was around Rs. 3400
Crore and in
2004-05 is expected to be Rs 5000 Crore.
MSTC with its network of 8 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.
Selling Agency Division
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, Bhopal, Vadodara, Trichy and