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Article: Metal bed vendors may have to raise prices.
- Article from:
- Furniture-Today
- Article date:
- June 23, 2008
- Author:
CopyrightCOPYRIGHT 2008 Reed Business Information, Inc. (US). This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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By Thomas Russell
HIGH POINT - Rising raw materials costs continue to squeeze metal beds vendors, who say they may have to raise prices of their products by as much as 15% this summer.
Some had already implemented increases earlier this year, but may have to raise prices again to help offset additional cost hikes.
Angle iron used in bed frames and bedding support systems has risen 34% since March, including the latest 8% increase on June 9, manufacturers said. One producer said the prices of North American cold rolled steel - the basis for steel tubing used in metal bed posts - has risen 79.5% since December.
Not every metal beds ...