MSTC Ltd. (formerly Metal Scrap Trade Corporation Ltd,) a Government of India enterprise, under Ministry of Steel was set up on 9th September 1964 as a canalizing agency for export of scrap from the country. With the passage of time, the company emerged as the canalizing agency for the import of scrap into the country. Import of scrap was decanalized by the government in 1991-92. Presently, the company undertakes trading activities, e-commerce, disposal of ferrous and non-ferrous scrap, surplus stores and other secondary arising generated mostly from Public Sector Undertakings and Govt. Departments, including Ministry of Defence. The Company also undertakes import of raw materials in bulk required by large industrial houses on back-to-back basis.