Should this go in the scrap pile?

[Seadog]

It's a directional control valve.

 

[awemawson]

Yes but is it 'open centre' or 'closed centre' ? (It may need a PRV fitting in one of the ports if that is just a blanking plug.)

 

[AndersK]

That is an Hv03 hydraulic directional valve, made in my hometown
Withdrawn from production many years ago so spares rare as hens teeth.

Monsun-Tison was bought by Atlas Copco. Then merged with Volvo Hydraulics into VOAC Hydraulics and eventually bought by Parker Hannifin.

 

[The_Yellow_Ardvark]

Stick a bulb in it and put it on Etsy for £100 (stock answer for anything that looks remotely industrial)