(A GOVERNMENT OF INDIA ENTERPRISE)   
 
 

 

MSTC (A Govt. of India Enterprise) - a Mini Ratna PSU under Ministry of Steel is India's one of the largest Trading Houses. It's import division imports Iron and Steel scrap, DRI, Coal, Coke, Non-Ferrous metals, Steel items, Pig Iron, Non Ferrous scrap etc.

 

ITEMS OF TRADE

 

MSTC imports following industrial raw material as per international specifications: - 

 

     IRON BEARING MATERIALS like Scrap, DR Pellets, DRI, Calibrated Lump Ore, HBI etc.

 

     COAL & COKE

 

     FINISHED AND SEMI-FINISHED STEEL ITEMS like HR Coil, CR Coil, Wire Rods, Billets, Concast Slabs, etc.

 

     NON-FERROUS MATERIALS like Copper scrap and Copper ingots etc.

 

     WASTE PAPER & PAPER PULP

 

     PETROLEUM & PETROCHEMICAL PRODUCTS

 

     Any other industrial raw material, preferably bulk in nature or high values as per the requirement of Customer.

Customers who desire to import any new item apart from the above list of items can also contact MSTC and the proposal will be analysed objectively.

 

CENTRALISED IMPORTS THROUGH CORPORATE OFFICE

 

Imports of all Industrial Raw Materials and Finished and semi finished good are centralised at corporate office in Kolkata and the sales are effected through various regional and branch offices located all over India.

 

 

MODE OF PURCHASE (IMPORTS)

 

Imports are undertaken by MSTC against the firm advance indents of the prospective buyer(s) and/or accumulated demand of the item for a particular port.MSTC imports materials generally on CIF/C&F  basis main Indian ports.

The purchase price is usually based on the L1 rate received against the Global Tender floated by MSTC from time to time. In case of Non-Ferrous materials the price is based on the LME cash settlement price plus premium.

The price obtained is intimated to the customer and the deal is finalised with the consent of the customer along with payment of mutually acceptable advance/ security Deposit by the customer to MSTC. The entire operation is based on actual costs plus a fixed MARK-UP charged by MSTC and on back to back basis.

In case, the customer themselves have good offer or have any long-term contract with the foreign supplier, but desires to route the same through MSTC for financial arrangements, the same may also considered based on the merit of the case.

 

PURCHASE (IMPORTS) THROUGH REPUTED SUPPLIERS

 

MSTC sources various materials from reputed producers and traders of each item. MSTC has connections with may foreign suppliers. In the international market, MSTC enjoys a place of repute and is highly regarded as a bonafide purchaser of Scrap and industrial raw materials.

 

QUALITY MATERIAL

 

MSTC imports quality material conforming to international specifications viz. ISRI, ASTM etc. Most Customers of MSTC are institutional buyers who have stringent quality norms for accepting the raw materials. Quality Certificate from independent inspection agency of repute like SGS, Alex Stewart etc regarding quality and quantity is essentially a part of MSTC's purchase contract.

 

NETWORK OF OFFICES

 

There is a wide network of offices spread all over India. Major Offices are as follows:

North Zone : Delhi; Bhopal

West Zone : Mumbai, Vadodara & Surat;

East Zone : Kolkata;

South Zone : Chennai, Bangalore & Vizag;

 

THREE TYPES OF SALES OF IMPORTED MATERIALS

 

Customers have the following options for purchase:

     High Seas basis against full payment:

     High Seas basis against deferred payment and lifting on cash and carry basis. [facilitates cash flow of customers]

     Ex-bond basis: [facilitates small customer]

 

The details of the above modes of sale will be explained at the time of entering the MOA with the customer.

If required, MSTC imports metals with split Bill of Lading to cater to the need of small customers who want to buy on high-seas basis.

MSTC is quite flexible in various terms & conditions. Any constructive proposal from the buyer is analyzed objectively in the interest of growth of business.

 

ADVANTAGE OF PURCHASING THROUGH MSTC 

 

  Cash and Carry Facility: In case of bulk purchase, MSTC also provides an unique facility of cash and carry in which case certain formalities need to be observed till the material is ultimately lifted on piecemeal basis on payment to MSTC. Thus the customer remains sure of the inventory without 100% cash/L/c limit blockage and is a relief on the customer's working capital requirement. However this facility is given only for customers whose credential is acceptable to MSTC. 

  Market Information:Support services in the form of market intelligence are always provided to the customers.

   High credibility: MSTC has always lived up to its commitments because of which it have a very high credibility among the international suppliers.

  Professionally Trained Manpower: An expert team of professionals with a dedicated product portfolio handles MSTC's import. 

  Usance L/C : MSTC can establish usance L/c with LIBOR based interest rate prevailing in the International market for 90 to 120 days.

 

 Turnover based discount : Special incentives in the form of discounts in the mark-up are also given to regular customers based on yearly turnover of business through MSTC.

 

PROCEDURE FOR EMPANELMENT AS A CUSTOMER OF MSTC

 

STEP 1: Producers/Actual users desiring to import through MSTC any particular item may please apply to MSTC with the information/documents as mentioned in Annexure 1....(Click) below to any of the offices of MSTC.

 

Step 2: The proposal of the customer will be objectively studied by MSTC officials. In case the proposal is accepted the customer will be called for signing of Memorandum of Agreement for import, which will contain detail mode of operation.

Step 3: After signing of the agreement the import will undertaken based on the indent of the customer and other terms of the MOA.

CONTACT

 

In case any further information is required, please contact Corporate Office at Kolkata and/or Regional and Branch Offices.

"mailing address"