Steel Centers Machinery & Services Ltd.

Complete Machining Facility Closure


Tuesday, February 11, 2020

Start Time

10:30 AM EST


Monday, February 10 from 9:00 A.M. to 5:00 P.M.


All items must be removed by Wednesday, February 26 by 5:00 P.M.


Steel Centers Machinery & Services Ltd.
7093 Torbram Road, Unit #3, Mississauga, Ontario, Canada, L4T 1G7



FEATURING: SWL (LATE) 10t x 30’ single girder bridge crane; CRS (LATE) 5 ton x 30’ single girder bridge crane; Travelling Column floor type horizontal boring mill w/ 9’ x 15’ t-slot table, 4” spindle, 50 taper etc.; VWF table type horizontal boring mill w/ 60” x 80” t-slot table, facing head etc.; FORTWORTH VBM-4, bed type vertical milling machine; MAS VR6A, radial arm drill; COSEN horizontal saw; KASTO horizontal saw; IMPERIAL 30” x 120” big bore gap bed engine lathe; HWACHEON 24” x 72” engine lathe; CHIEN YEH 16” x 60” engine lathe; PROSTAR vertical milling machine; TOYOTA 25, LPG forklift w/ sideshift; STRONGARM H.D hydraulic shop press; CHEVROLET (2010) SILVERADO pick-up truck; DODGE RAM 2500 pick-up truck; LARGE ASSORTMENT OF cantilever material storage racks, raw material inventory, welding and fabricating equipment, general machining equipment, machine tool accessories, general factory support equipment & MORE!


Terms & Conditions

Corporate Assets Inc. assumes no liability for errors or omissions on this Web site. Corporate Assets Inc. expressly reserves the right to determine the manner of conducting the auction as it may deem appropriate. All subject to prior sale.





Pre-Approval by Corporate Assets Inc. will be required. To participate in the auction you must register and be approved. All Webcast (Remote) Bidders require a deposit equal to 25% of their requested Purchasing Limit (the maximum amount they plan to spend) plus the Buyer's Premium (see below for applicable Buyer's Premium) and must be by Direct Bank Wire Transfer. To ensure approval as a Bidder please make deposit arrangements as far in advance of the sale as possible. For Bank Wire Transfer details, please contact our office at 416.962.9600 and request to speak with an Accounting Administrator.

Invoices for the balance of the purchase price will be emailed and/or faxed to successful bidders within 24 hours of the close of the auction and are due upon receipt.


All buyers must complete the "Buyer Deposit Form" and provide Corporate Assets Inc. with a 25% deposit of their total intended purchase amount by way of wire transfer.* The deposit must be received by no later than 1 business day prior to the commencement of the sale.**

Payment in full must be made before or immediately after the conclusion of the auction.

* Please keep in mind that bank charges may apply to incoming and/or outgoing wire transfers by your/our bank/financial institution.

** In order to meet the Terms and Conditions of Sale, please keep in mind that wire transfers traditionally take between 2 - 4 business days to be processed by your bank. For Bank Wire Transfer details, please contact our office at 416.962.9600 and request to speak with an Accounting Administrator.

For International (Non Canadian and Non U.S. Residents) Buyers, Webcast Remote Buyers & Online Buyers, all payments shall ONLY be by way of wire transfer.

For Canadian and U.S. On-site Buyers, all payments shall be by way of wire transfer, certified cheque, bank draft, Interac, or company cheque accompanied with a valid bank letter of authorization guaranteeing irrevocable payment to Corporate Assets Inc. in the following format: "Name of Bank hereby guarantees irrevocable payment of cheques payable to Corporate Assets Inc. up to Amount in Words & Currency for purchases made by our client Name of Client. This letter is valid for purchases made at the auction of Name of Auction being held in City, State/Province on Date."

Payment by way of Visa or Mastercard will ONLY be accepted for purchases, and not for deposits, from buyers whose total invoice does not exceed $2,500.00.

Payments may be made in advance of the auction by way of wire transfer and any balance in excess of the balance owing will be refunded after the auction.

The Auctioneer reserves the right to put articles back up for auction if a deposit is not received at or before the time of sale.

A Buyer's Premium of 18% for all Webcast (Remote) bidders will apply at this sale.

Download Full Payment Information
Download Buyer Deposit Form
CAD Wire Transfer Details
USD Wire Transfer Details

Proxy Bidding

To place a proxy bid, please refer to the Corporate Asset Inc. PROXY BID FORM or email us at: for more information.

All Proxy Bids must be completed in writing, either typed or hand-written, indicate the name of the auction sale, and must be signed and dated. They must be faxed or mailed to our office and received by no later than 3:00 P.M. EST on the day before the auction.

Download Proxy Bid Form