MSTC plans online cement, iron ore trading

MSTC, a metal trading company, is planning to launch online cement trading within a month. It is also planning to launch online trading in iron ore.

The company has been trading in coal, metal scraps and ferro manganese through its e-auction facility.

Malay Sengupta, chairman and managing director, MSTC, said: "We expect a turnover of Rs 4,000 crore through e-auctions during the current financial year. The business stood at Rs 3,200 crore in FY07."

He was speaking on the sidelines of the Asian Steel Conference here on Friday.