Consignment Arrangement

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Consignment Arrangement

Asset Recovery is a critical process regardless of the size of your business or type of material. We provide solutions for unused metals and equipment to help you recover capital. One of the asset recovery services we provide is Consignment Arrangements.

Tri Coastal Steel Trading LLC consigns inventories consisting of steel pipe, OCTG, round bar, and structural steel. We will provide storing capabilities and resell material at current market values. Pricing will depend on the material being either prime with full documentation or downgraded structural material. Percentages are pre-negotiated, and Tri Coastal Steel Trading LLC will provide a monthly inventory and reconciliation of product that has been sold.

What Is Consignment?

Consignment is an agreement in which materials are left in possession of an authorized third party. The party that sells the materials receives a fee or commission as the product sells.

Are you ready to sell your scrap metal?

Selling using a consignment arrangement is often a low-time investment way of moving materials with a low fee or commission paid for the services. With over three decades in the industry, we have a network and know buyers of scrap metal, those ready to buy steel, and can find the buyer in need of your unused metals and equipment.

Materials or equipment that is no longer usable, and generating value is a liability. Selling those materials and equipment using a consignment arrangement into the secondary marketplace can generate value and free up needed space.

Learn more about consigning your assets as steel is everywhere. There is always a need for what you have lying around. Steel is one of the worlds’ most innovative and essential products. Steel is used in every aspect of our lives. It is used in nearly every industry, including automotive, construction, energy, construction, housing, infrastructure, machinery, and transportation, 75% percent of all major appliances are made of steel. Steel has been involved in the production of automobiles for almost a century. The first steel automobile came out in 1918. The average computer is created with about 25 percent steel. Steel roofs last longer than traditional roofs and weigh much less than other options.

Contact us today and create a consignment arrangement.