MSTC Limited (earlier known as Metal Scrap Trading Corporation Ltd) is a Mini Ratna Category-I PSU under the administrative control of the Ministry of Steel, Government of India.
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Of late, MSTC has emerged as a major player in the country for promoting e-commerce. It has presented with e-Auction portal namely, http://www.mstcecommerce.com which has become an immensely popular tool for transacting business over the internet in a most transparent and fair manner. The portal provides a virtual marketplace for domestic sellers and buyers to do business in metal scrap (ferrous/non-ferrous), surplus stores, machineries, obsolete spares, vehicles, minerals and agriculture & forest produce etc. The methodology adopted includes open tender, public auction and e-auction.
The Marketing Division looks after the bulk procurement of industrial raw materials for its Principals. The sourcing is done either from foreign manufacturers / traders or from domestic producers.
The list of items that are procured includes HMS, HR Coil, Billets, Wire Rods, LAM Coke, Coking coal, Naphtha, Crude oil, Thermal coal etc which are mainly consumed by the steel, petroleum and power industries in the country.
MSTC has developed e-Commerce in Agricultural and Forest products like tobacco, tendu leaf, timber, etc. The company also has created e-Commerce in mineral products like Iron Ore, imported thermal coal, chrome, manganese ore etc.