Tri Coastal Trading leases deepwater lock

Houston-based Tri Coastal Trading LLC (TCT), which provides industrial scrap recycling, secondary surplus, stevedoring and storage trading and brokerage services, has secured a long-term storage and handling agreement for a dedicated dock on the Port of Houston at the Enstructure Richardson Woodhouse facility in Galena Park, Texas.

The deepwater dock can handle vessels in sizes up to Handymax (small-sized bulk carriers that often measure 492 to 656 feet long and 98 to 105 feet wide) with drafts to 38 feet. The terminal has a track capacity of 30 cars per switch and is served by the Union Pacific Railroad with reciprocal switching to the BNSF Railroad.

TCT is a privately held company founded in 2010 by scrap industry veteran Larry Stein with operations in Houston and Galena Park. Stein also is a partner in a scrap yard in Monterrey, Mexico, that was established roughly 18 months ago.

The company supplies ferrous scrap to customers in the United States, Mexico and Turkey.

TCT has grown into a $350 million company that handles in excess of 800,000 tons annually, primarily through its brokerage services, Stein says. The new yard in Galena Park is equipped with mobile shears and performs torching. Scrap processing will occur at that site, while the Buffalo Bayou location primarily handles new steel coils and performs transloading.

Enstructure LLC is a logistics infrastructure company with corporate offices in Wellesley, Massachusetts, and New York. Enstructure owns and operates an integrated network of marine terminals and logistics assets on the East Coast, Gulf Coast and Inland River System of the United States.