TradeVerify MSTC Limited is a Mini Ratna Category-I PSU under the administrative control of the Ministry of Steel, Government of India. ActivitiesAs on date,MSTC has two major portfolios of business. One is Known as the Marketing Division which looks after the procurement of industrial raw materials in bulk for its Principals.The sourcing is done either from foreign manufacturers / traders or from domestic producers. The items that are procured include HMS, HR Coil, Billets, Wire Rods, LAM Coke, Coking coal, Naphtha etc which are mainly consumed by the steel industry in the country. The second portfolio provides a virtual marketplace for domestic sellers and buyers to do business in Coal,Manganese, Iron Ore, Tea Powder, Agri Products, metal scrap (ferrous/non-ferrous), surplus stores, machineries, obsolete spares, vehicles, Plants etc. The methodology adopted includes open tender, public auction and e-auction. Of late, MSTC has emerged as a major player in the country for promoting e-commerce. Its eauction portals amely,www.mstcecommerce.com/auctionhome/ and www.mstcecommerce.com have become popular tools for transacting business over the internet in a transparent manner. MSTC has developed a eprocurement portal and is ready with its eprocurement services.