Decor and furniture
Sign Decal Corrugated Metal 8x4
It's a sign. You write things on it.
Harvest drops
Iron× 10
Taken apart with a harvesting tool (axe, pickaxe, shovel), before perks and tool bonuses.
When it collapses
Falling, it leaves 
Scrap Metal Pile (60% of the time) where it lands.