Although most metal markets are still depressed from their all time highs of the last few years, it’s quite likely that steel pricing is going to increase in the near term. What’s that mean? It means that pricing for steel goods like warehouse racks, conveyors, shelving, mezzanines, and other material handling equipment will be on the rise.

“We are clearly going to see higher prices for May,” said Marty Forman, president of Forman Metal Co.  in the Milwaukee Journal Sentinel. “Things aren’t going to explode, by any means, but the scuttlebutt is that steel prices are going up $15 to $20 a ton.”

The takeaway? Prices are as low as they will be for the near future right now.

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Steel prices and fuel prices are headed nowhere but up in the coming months.

Price increases and surcharges have become commonplace, driven by increased steel costs and skyrocketing fuel prices. We look around and see manufacturers issuing price increases, steel surcharges and fees on a weekly basis. It’s industry-wide and it’s being driven by international demand and also some commodities market issues. We have seen manufacturers decline to provide a price – orders are priced at shipment. This is reminiscent of the 1970′s, and it’s welcome by absolutely nobody who runs an industrial facility or deals in material handling equipment.

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