Outstanding value for the money ($79 shipped).  I bought this as a cart to hold tools and parts while working on my cars (easy to push around vehicles).  The coating is not paint but appears to be a thin but seeminlgy durable hard rubber or synthetic coating, similar to plasti-dip.  Since the cart is all metal it's easy to magnetize.  Shelves can be installed reveresed from the photo (upper two at least) if desired.