📝 Description
A large lot of ferrous scrap metal, totaling 3000 tons, consisting of sheet metal, wire, pipes, and other metal products, is offered for public auction. The starting price for this significant quantity is 705000 EUR. The auction runs from 2026-04-20 09:00:00 until 2026-04-21 13:59:59. Registration is open from 2026-04-13 00:00:00 to 2026-04-15 23:59:59.
A mandatory participant deposit of 70000 EUR must be paid into the VĮ IAE account before registration. The winning bidder must complete the full payment for the scrap metal within 5 business days following the auction's conclusion. The security deposit paid will be credited toward the final purchase price.
Property inspection is organized on business days between 2026-04-07 and 2026-04-17, from 8:00 to 15:00 (lunch break 11:30-12:00) at Elektrinės g. 34, Drūkšinių k., LT-31152, Visaginas municipality. Inspection times must be coordinated with the organizer in advance.
The winner is responsible for covering all costs related to loading and removal, including necessary equipment and transport, considering the size and weight of the material. The total term allowed for property removal is 90 calendar days starting from the date of full payment. For every day the removal is delayed, the Buyer must pay a storage fee equivalent to 3% of the sale price (minimum 10 EUR). The Buyer acknowledges that no claims regarding the composition, shape, condition, or potential impurities of the scrap metal will be accepted. No quality guarantee is provided for the ferrous scrap metal.
A mandatory participant deposit of 70000 EUR must be paid into the VĮ IAE account before registration. The winning bidder must complete the full payment for the scrap metal within 5 business days following the auction's conclusion. The security deposit paid will be credited toward the final purchase price.
Property inspection is organized on business days between 2026-04-07 and 2026-04-17, from 8:00 to 15:00 (lunch break 11:30-12:00) at Elektrinės g. 34, Drūkšinių k., LT-31152, Visaginas municipality. Inspection times must be coordinated with the organizer in advance.
The winner is responsible for covering all costs related to loading and removal, including necessary equipment and transport, considering the size and weight of the material. The total term allowed for property removal is 90 calendar days starting from the date of full payment. For every day the removal is delayed, the Buyer must pay a storage fee equivalent to 3% of the sale price (minimum 10 EUR). The Buyer acknowledges that no claims regarding the composition, shape, condition, or potential impurities of the scrap metal will be accepted. No quality guarantee is provided for the ferrous scrap metal.
❓ Frequently asked questions
What is the quantity of ferrous scrap metal for sale and the starting price?
3000 tons of ferrous scrap metal (sheet metal, wire, pipes, etc.) is being sold with a starting price of 705000 EUR.
When is the scrap metal auction and registration period?
The auction runs from 2026-04-20 09:00:00 to 2026-04-21 13:59:59. Registration closes on 2026-04-15 23:59:59.
What is the required participant deposit and how is it paid?
A required security deposit of 70000 EUR must be paid to the VĮ IAE banko sąskaitą (AB Swedbank, LT24 7300 0101 0231 7164) and a copy of the payment sent to [email protected].
What are the inspection time and location for the scrap metal?
Inspection takes place on business days from 2026-04-07 to 2026-04-17, from 8:00 to 15:00, at Elektrinės g. 34, Drūkšinių k., Visaginas municipality. Time must be scheduled in advance.
How soon must the winner pay for the acquired scrap metal?
The winner must complete full payment within 5 business days from the auction end date.
What is the removal deadline and liability for delayed collection?
The removal deadline is 90 calendar days from the date of full payment. A storage fee of 3% of the sale price (minimum 10 EUR) applies for each delayed day.