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Contractors to feel pinch of higher steel prices, says CGS KUALA LUMPUR (Feb 5):The overall potential negative earnings impact of rising steel prices may further weigh on the earnings recovery of contractors as contract awards slow, according to CGS-CIMB Research.In a note today, the research firm viewed that a rising material cost environment may be seen as a justification for expediting government-initiated high-multiplier projects in order to
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