Material Handling Equipment - Racks, Conveyors, Carousels, Warehouse Equipment & more.
Should you cut your prices to increase sales during a recession?
Let’s Check the Math
FACT:: If you cut prices by 20%, you have to sell 25% more units just to maintain revenue(break even).
During good times, a 25% increase in sales volume is asking a lot. In a recession, the math says [...]
court entered an order approving bidding procedures for substantially all of the assets of Interlake Material Handling, Inc. and its affiliates. The court also approved the proposed break-up fee and expense reimbursement for the stalking horse bidders for the assets, Mecalux USA, Inc. and Mecalux Mexico S.A. de C.V.,
I have been watching scrap prices over the past few weeks since Chrysler stopped the auction process which was used to create the prime bundles market pricing. According to Steel Business Briefing’s scrap reporter, with whom I converse on a regular basis (who is a steady reader of the Steel Market Update and calls my [...]
Everyone wants to blame “speculators” on the rising price of oil, steel, iron ore and various other commodities. It is an easy way to explain soaring commodity prices. However, the credit crisis may well be the culprit and the problems may continue to exist to years to come.
The way to get prices down for steel [...]
Under government mandate today, it was announced that Chinese steel products for July production will not be available for exports, as they are to remain in the domestic market to be used in the relief efforts for the devastating May 12 earthquake in China.There is market chatter suggesting that the Chinese mills are having trouble [...]
US flat rolled mills have increased their prices every month so far this year, but now there are talks that demand may be faltering, and there is more hot rolled coil (HRC) availability.
Has the market finally reached its peak?
The flat rolled market has seen a wave of increases since the beginning of this year. Domestic [...]
The Steel Index Reference Prices for last week (The Steel Index is owned by Steel Business Briefing).
Below is a quick summary of the past two weeks.
Hot roll coil prices – were up $5 per ton each week for the past two weeks (total of $10 ton). Over the past four weeks the change has [...]
There is a move in the U.S. Congress to protect schools from “unsafe steel from China” and elsewhere. The 21st-Century Green High-Performing Public School Facilities Act (H.R. 3021) would mandate American made steel in all public school construction projects. The legislation is supported by the Congressional Steel Caucus.
Earlier this year the Steel Market Update [...]
Recently, if an industrial carousel manufacturer discontinued supporting its controls package, the equipment dependant on it was doomed as instantly obsolete. Manufacturers controls systems are inherently proprietary.
For years, thousands of warehouse and distribution centers around the world have utilized these vertical and horizontal carousel systems to store and retrieve the products they [...]
April 25, 2008. Today saw steel prices soar to record highs as a report released by world steel producers confirmed worries that current production has failed to keep pace with world demand. One industry official, who did not wish to be named, expects the panic buying to continue and noted that “for the past decade, [...]
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