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Steel rise affects the price of warehouse storage racks

Steel rise affects the price of warehouse storage racks

Sep 20, 2023

Reasons for steel price increasing: 407 factories have been closed in Henan, 140 factories have been moved, 54 factories have agreed relocation agreements, and 1,336 factories power outages. "According to the plan, 2,577 'three no' enterprises will be closed next month." Shandong, Tianjin closed 623 factories, moved 265 factories, and 4,263 factories power outages. Behind the environmental protection, the price rising is about to begin.

 

In recent years, the development of the warehouse storage rack industry has become more rapid, the competition has become increasingly hot, and the competition in the market has made the racks prices return to rationality and transparency. As the main raw material of the racks, steel is the main determinant of rack price. Due to the downward pressure of China's economy in recent years, steel prices have fallen back to historical lows.

 

However, the increase in labor costs, the increase in management costs, and the increase in transportation costs have a certain impact on the price of storage shelves. Moreover, China’s economy has shown signs of bottoming out from various data, and foreign trade is growing, industrial purchasing index is picking up, and the development of the logistics industry has also expanded the demand for domestic storage shelves. Although steel prices have continued to fall in recent years, it is inevitable that storage shelves are higher than before time.

 

Add: Jiangsu Kingmore Storage Equipment Manufacturing Co., Ltd

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