Steel-Price Increases Creep Into Supply Chain

(a recent article from the Wall Street Journal)

The impact of escalating steel prices in the U.S. is starting to filter through supply chains, with companies that buy and process steel raising their own prices, stockpiling in advance of possible more increases and boosting volume to offset rising costs.

Steelmakers have increased prices six times, for a total increase of 20% to 30%, since November on basic flat-rolled steel, used in everything from cars to toasters, to offset higher input costs of raw materials, such as iron ore and coal. Higher costs for steel, which are expected to continue well into this year¦

This certainly makes it a great time to get your new and used pallet rack, ahead of any more price increases throughout the year. Russell Industries carries a huge selection of new and used pallet racking, mezzanines, shelving, and forklifts at their facility in Houston, TX and is now servicing the Dallas/Fort Worth area with their new location in Irving, TX.