Newly-listed Australasian steel distributor and processor Vulcan Steel has lifted its full-year profit forecasts by 15 per cent because of robust orders in mining, agriculture and construction, but warned that soaring inflation and looming interest rate rises could start curbing demand later in calendar 2022.

Chief executive Rhys Jones said the company was able to navigate through the disruptions caused by COVID-19 and extended lockdowns in Sydney, Melbourne and Auckland, after building up inventory levels to make sure it could still service customers.