📝 Description
A complex of 1000 tons of oversized ferrous scrap metal, including wire, rebar, and pipes, is being sold as a single lot via auction. The starting price is set at 203000 EUR.
Registration for the auction runs from December 22, 2025, until December 30, 2025. The final deadline to submit a bid is January 6, 2026, at 13:59:59. The actual auction period spans from January 5, 2026, at 09:00:00 to January 6, 2026, at 13:59:59.
A mandatory participant deposit of 20000 EUR must be paid into the VĮ IAE banko sąskaitą AB Swedbank, account LT24 7300 0101 0231 7164 (SWIFT code HABALT 22). This deposit will be credited toward the final purchase price for the winning bidder.
Inspection of the scrap metal is organized on business days between December 22, 2025, and January 2, 2026, daily from 8.00 to 15.00 (with a lunch break from 11.30-12.00). Viewings are held at Elektrinės g. 34, Drūkšiniai village, LT-31152, Visaginas Municipality. Scheduling the inspection time in advance with the organizer is required.
The buyer assumes all risks; no quality warranties are provided by the seller for the acquired scrap metal. The purchaser must arrange loading and removal of the purchased goods using their own labor, equipment, and transport. Weighing will take place on VĮ IAE turimomis 60 tonų (3.00 m x 18.00 m aikštelė) or 30 tonų (3.0 m x 7.5 m aikštelė) truck scales.
The winning bidder must complete payment within 5 business days following the auction conclusion and sign the sales agreement. The property removal deadline is 60 calendar days from the date of full payment. A storage fee equal to 3% of the sale price per day (minimum 10 EUR per day) will apply for each day the property is not collected past the deadline. The security deposit is non-refundable if documentation is not submitted or payment is not completed as required.
Registration for the auction runs from December 22, 2025, until December 30, 2025. The final deadline to submit a bid is January 6, 2026, at 13:59:59. The actual auction period spans from January 5, 2026, at 09:00:00 to January 6, 2026, at 13:59:59.
A mandatory participant deposit of 20000 EUR must be paid into the VĮ IAE banko sąskaitą AB Swedbank, account LT24 7300 0101 0231 7164 (SWIFT code HABALT 22). This deposit will be credited toward the final purchase price for the winning bidder.
Inspection of the scrap metal is organized on business days between December 22, 2025, and January 2, 2026, daily from 8.00 to 15.00 (with a lunch break from 11.30-12.00). Viewings are held at Elektrinės g. 34, Drūkšiniai village, LT-31152, Visaginas Municipality. Scheduling the inspection time in advance with the organizer is required.
The buyer assumes all risks; no quality warranties are provided by the seller for the acquired scrap metal. The purchaser must arrange loading and removal of the purchased goods using their own labor, equipment, and transport. Weighing will take place on VĮ IAE turimomis 60 tonų (3.00 m x 18.00 m aikštelė) or 30 tonų (3.0 m x 7.5 m aikštelė) truck scales.
The winning bidder must complete payment within 5 business days following the auction conclusion and sign the sales agreement. The property removal deadline is 60 calendar days from the date of full payment. A storage fee equal to 3% of the sale price per day (minimum 10 EUR per day) will apply for each day the property is not collected past the deadline. The security deposit is non-refundable if documentation is not submitted or payment is not completed as required.
❓ Frequently asked questions
What is the starting price for the 1000 t of ferrous scrap and the security deposit required?
The starting price is 203000 EUR. The participant deposit required upon registration is 20000 EUR.
When does the main auction take place to sell the scrap metal?
The auction begins on January 5, 2026, at 09:00:00 and concludes on January 6, 2026, at 13:59:59.
What components of scrap metal are being sold in this auction?
Oversized ferrous scrap is for sale, including wire, rebar, and pipes, totaling 1000 tons.
Where and when can the scrap metal being sold be inspected?
Inspection takes place from December 22, 2025, to January 2, 2026, at Elektrinės g. 34, Drūkšiniai village, Visaginas Municipality. The inspection time must be agreed upon in advance with the VĮ IAE darbuotoja iš anksto.
What are the deadlines for payment and collection of the purchased property?
The winner must pay within 5 business days after the auction. The total period for scrap metal removal is 60 calendar days from the date of full payment.
Does the seller provide a quality guarantee to the buyer?
No, a quality warranty is not provided for the scrap metal. The winner must assess its condition and composition before the auction.