Magnetic hanger has magnets built into the back side, which fasten the element onto the steel plate. Therefore, you can change its position from one place on the back plate to the other, without using any kind of tools.
Magnetic hanger is for those who prefer classical design. It is very handy in kitchens for hanging kitchen towels, gloves, spoons, etc. The combination of solid oak wood and metal rod gives a sense of warmth to a practical element.