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Nanjing Kingmore Logistics Equipment Manufacturing Co.,Ltd
Factor 1: No.8 Xingfu Ave. Hengxi St., Jiangning, Nanjing, China
Factor 2: No.896 Jianshe Road West, Economic Development Zone, Jinhu County, China
Tel: +86-25-86154259
Fax: +86-25-86154259
Mob: +8613512517514

Steel rise affects the price of warehouse storage racks

- Aug 17, 2018 -

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.




Of course, in any case, steel prices are always the main determinant of shelf prices. After all, with the continuous improvement of automation technology, labor costs and management costs will also decline. Therefore, the higher steel prices is increasing sharply also caused the price of the storage rack industry to rise.

With the increase in steel prices, the quotation of our company's business personnel to customers is valid for one week. Customers who have already quoted the procurement plan have been quoting before. We also call the customer to respond to the increase in steel prices, suggesting that customers purchase early, otherwise In the event that the price of steel continues to rise, the price of raw materials for storage racks will rise, and the price of storage racks will inevitably rise, which will increase the purchase cost of enterprises.


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Kingmore Racking is a modern enterprise which incorporates product development, design, production, sales and service. We continue to introduce advanced foreign technology and design concept, and constantly improve all-round integrated services capabilities, such as overall planning of storage system, design of experiments, profiles rolling, sectional material rolling, surface spraying, installation and debugging.




Our products includes: Pallet rack (beam rack), Drive-in rack, Radio shuttle rack, Push back rack, Cantilever rack, Mezzanine, Steel platform, Live rack, Carton flow rack, Medium duty shelving, Light duty shelving, Drawer rack, Movable archive shelving, Work apparatus etc.



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