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
Ø IRON BEARING MATERIALS like Scrap, DR Pellets, DRI,
Calibrated Lump Ore, HBI etc.
Ø COAL & COKE
Ø FINISHED AND SEMI-FINISHED STEEL ITEMS like HR Coil,
CR Coil, Wire Rods, Billets, Concast Slabs, etc.
Ø NON-FERROUS MATERIALS like Copper scrap and Copper
Ø WASTE PAPER & PAPER PULP
Ø PETROLEUM & PETROCHEMICAL PRODUCTS
Ø 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
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.
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
THREE TYPES OF SALES OF IMPORTED MATERIALS
Customers have the following options for purchase:
Ø High Seas basis against full payment:
Ø High Seas basis against deferred payment and lifting
on cash and carry basis. [facilitates cash flow of customers]
Ø 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
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
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
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
Step 3: After signing of the agreement the import will undertaken based on the
indent of the customer and other terms of the MOA.
In case any further information is required, please contact Corporate Office at
Kolkata and/or Regional and Branch Offices.
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