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Rising demand, rising prices boost profits for US steelmakers

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According to the steelmaker, demand is recovering after a slump earlier this year, driven by booming construction and heavy equipment industries and slow-growing auto production.

Despite higher raw material costs sparked by Russia’s invasion of Ukraine in February, steel company executives said rapidly rising steel prices enabled companies to post better-than-expected profits in the first quarter of the year.

https://www.wsj.com/articles/rebounding-demand-rising-prices-boost-u-s-steelmakers-profits-11650656313?mod=pls_whats_news_us_business_f Rising demand, rising prices boost profits for US steelmakers

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