Magnetic lifters are designed to provide a lightweight, cost-effective means of transporting ferrous material. Lifters hold workloads securely without the need for slings, clamps, or other holding devices. Shackle and lifting lug included for easy attachment to a crane or overhead lifting device. Magnetic lifters utilize magnetic force to lift sheets of steel and other like materials with ease. Easy-to-use lever rotation activates and deactivates magnetic force.