Abstract: A protective member for use in securing metal coils to a transport vehicle or other support. The member is formed of hard, wear-resistant material having a coil contacting surface and an opposed surface. The opposed surface is grooved to receive a cable, chain or other securement member which spans the coil and whose ends are secured to the vehicle or other support. A plurality of magnetic strips are secured to the coil engaging surface of the block for positioning the block on a metal coil. Releasable chain or cable retaining means are carried by the member transversely of said groove.