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This
Division largely undertakes import and export of carbon steel melting
scrap,finished steel/coal/coke as also other nontraditional 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, establishes 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. This group looks after
sourcing, 5 purchase and sales of industrial raw materials like HMS, LAM Coke,
HR Coil, Naphtha etc on behalf of organizations like Essar Steels, Ispat
Industries, HPL, DPL etc. both from international and domestic markets. In
addition, a beginning has been made in export,first with castor oil and then
with iron ore.
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