Tag: EPC
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India: EPC cos want long-term steel contracts; mills may not agree
With prices of construction steel having swung up sharply since last year, engineering, procurement and construction (EPC) companies are bearing the brunt of severe cost escalations. Consequently, irate EPC players, have been negotiating with domestic steel mills for fixed-price annual contracts as a buffer against rising prices. In fact, in Nov’2020, the National Highways Builders…