During April-July 1999, the company recorded business worth Rs 56.3 crore in the international market and Rs 149.21 crore in the domestic market. During this period it has imported Rs 99.06 crore worth of petroleum products, coils, zinc ingots and coal. It has entered into a Memorandum of Understanding (MoU) with Kisco for disposal of pig iron in the domestic market.

During these four months, its total income was Rs 8.74 crore in place of Rs 5.13 crore during the corresponding period last year and it has earned profit before tax of Rs 1.77 crore. During the year 1999-2000, mstcl earned profit after tax of Rs 3.53 crore and its gross margin improved to Rs 6.47 crore. The company had authorised capital of Rs 5 crore and paid up capital of Rs 2.20 crore at the end of March 1999. The company undertakes disposal of ferrous scrap and other secondary arisings generated in integrated steel plants under SAIL and RINL and disposal of scrap, surplus stores from other public sector enterprises and government departments.

It imports scrap on behalf of large industrial houses such as Essar and Ispat Mukund and other items like petroleum products, superior kerosene oil, furnace oil, ferro alloys, slab and cuttings and Dr Pellets as per the need of the actual users.