Soaring prices for steel threaten the solvency of key contractors

摘要

Soaring prices for steel threaten the solvency of key contractors,says Ken Skimonson,chief economist of the Associated Generla contractors of America."Steel price increaseshave been sudden,steep,and devastating,"Simonson says."The cost of steel for one bridge project has risen by US15 million since the contract was signed.Few construction companies can afford to absorb cost jumps of that size.