company news about The construction industry has to bear the brunt of the increase in steel and aluminium price

Metal prices have been soaring since the invasion of Ukraine by Russia on February 24 and the economic sanctions slapped against the latter by the US and European countries. Russia is a big producer of steel, aluminium and nickel, besides oil, and supply disruptions have caused prices of these commodities to surge.Global steel prices have risen over 20% in a week while aluminium prices are up by 40% this year.