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Rising input costs: EPC contractors seek fixed-price contracts with steel firms

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Rising input costs: EPC contractors seek fixed-price contracts with steel firms

According to India Ratings, the average domestic steel prices surged 26% y-o-y in FY21 and 23.5% in Q1FY21. The prices reached record levels of Rs 56,000/MT in May 2021 and dipped to Rs 52,000/MT in June 2021.