Steelmakers said demand is rebounding after a slump earlier this year, driven by booming construction and heavy equipment industries, and slowly expanding automotive production.
Despite higher raw materials costs triggered by Russia’s invasion of Ukraine in February, steel company executives said rapidly rising steel prices allowed companies to turn in better-than-expected profits in the year’s first quarter.
Production of LME deliverable KAS-branded aluminium at Kazakhstan’s Eurasian Resources Group has reached the four-million-tonnes milestone
