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Highway construction companies seek curbs on steel exports as domestic prices surge

June 30, 2021

Highway construction companies have urged the government to impose curbs on export of steel, saying domestic prices of the commodity have surged, inflating the cost of projects.

Industry experts said the capital cost of highway projects could rise by up to 10% on the back of surging steel prices and emerge as a serious constraint in the months to come. The impact could be large on the highways and infrastructure construction sectors which are estimated to consume about 65% of the steel ..