Stainless Steel IBC Rentals Offer a Haven in Uncertain Steel Pricing Market
March 28, 2011 (PRLEAP.COM) Business NewsMILLSTONE TWP., NJ — January's steel prices are at a record high, but renting stainless steel IBCs is still an affordable option for the liquid packaging industry.
Continued fluctuations in nickel prices, along with near record-low inventories of stainless steel, have put unprecedented pressure on steel prices, observed Tom Wilkins, president of Metano IBC Services, Inc.
"In the midst of such a difficult pricing environment, the liquid packaging industry understands more clearly than ever the value of renting vs. purchasing stainless steel IBCs," he said.
Stainless steel tank rentals provide a number of benefits, including:
- Conservation of capital
- Preservation of corporate credit lines
- Greater budget flexibility
- Wider selection of tank types
Metano also will do everything within its own power to help members of the liquid packaging industry to control costs, Wilkins said. "We keep our overhead and expenses as low as possible to be able to offer our customers a consistent daily rental rate."
Once the pricing volatility dies down, stainless steel IBC rentals can still be the best choice for processors of personal care and food ingredients and others in the liquid packaging industry, he said.
"The budgetary and operation flexibility provided by steel tote rentals often overcome any perceived advantages of IBC tank ownership."
Millstone Twp-based Metano IBC Services, Inc. is a well-regarded leader in the stainless steel IBC rental market Visit their website at http://www.metanousa.com/stainless-steel-tank-rentals.asp