BD export growth dips

[Nilgiri]

You are wrong.BD was mentioned among the largest steel net importer in this pdf file at 13th position with 4 million ton import.Check again.

Yah I am talking from production side. BD total consumption can be ~ 5 million tons for sure (4 + <1).

 

[Species]

As usual, you are wrong in every count of your assessments. Please take your time to read carefully the content of an analysis on steel production in BD. It seems you are quite ignorant on the present status of the steel production capacity of BD.

Bangladesh Steel Industry Review

Bangladesh is one of Asia's leading emerging steel markets and has a growing need for raw materials and steelmaking technologies. The World Bank forecasts that average GDP growth in Bangladesh in the period from 2016 to 2018 will be 6.8%, which is significantly higher than that of many other emerging markets. The movement towards a progressive national economy strongly depends on the how construction materials specially steels related industries has evolved and such products are readily available. Fortunately, the country has a proud heritage for the art of steel making and shaping for a long time. Steel is a basic raw material for infrastructural development and multiple other uses.

The demand for steel will inevitably grow in line with the country's economic and infrastructural development. Major buyers of mild steel and re-rolled products include individuals, government and institutional buyers in the real estate sector. Implementation of the government’s huge infrastructural development plans have been driving the double digit growth rate in the country’s steel industry and the growth is expected to persist for the next two decades amid ambitious development initiatives by the government. Currently, in Bangladesh, there are more than 400 steel, rerolling and auto-re-rolling mills. However, most of the millers produce steel through conventional process of re-rolling ship cutting plates.

Classification of Steel: Steel producers manufacture steel in several shapes according to demand from end consumers. Based on shape, the steel industry in Bangladesh can be categorized into two classes of products: long steel (MS rod/TMT bar) and flat steel (mainly CI sheet and CR coil).

In Bangladesh most construction steel can be traced to local production of long products, most of it in reinforcing steel, commonly known as M.S. Rods. Long Steel products are used in all industrial sectors, particularly in the construction and engineering industries. Different Types of Long Steels Bars  Rebar  Merchant Bars Structural  Beams  Channels & Angles Tubes  Oil country tubular goods (OCTG)  Other tubular products Different types of flat products includes Plates, Hot Rolled Sheets, Cold Rolled Sheets and Coated Sheet. Steel stock from capital goods such as machineries and transportation vehicles are entirely imported. Corrugated galvanized roofing sheets commonly known as C.I. sheets are also produced in Bangladesh.

Production & Market Size: There is no exact year-to-year data regarding the production and market share of the steel industry of Bangladesh is available. However, according to the leading manufacturers, more than 4.0 million MT steels are currently produced in the country representing a market value of BDT 300 billion roughly. The industry grew from producing a meagre 47,000 MT in 1971 to 4.0 million MT in 2015. The production of this sector is expected to double in 2022 by the industrialists. The country's annual demand for only “branded” MS rod is estimated at more than 2.5 million MT, where the country usually consumes over 1.7 million MT of branded (high quality) MS road or 70% of its annual demand in the peak season.

The increased production of steel industry, special in the long steel, can be signified by the increased amount of import of the raw-materials i.e. scrap materials and billet for the industry in the last few years. According to a leading local daily, import of iron scrap materials and billets in the FY2013-14 was 2.8 million MT, which increased to 4.43 million in FY2014-15 and 5.54 million MT in FY 2015-16. Industry leaders says, currently the industry has been witnessing 5-7% growth from year to year and the industry is expected to enjoy more than 15% growth, once the country’s real estate sector revives from its present sluggish period.

Consumption: The demand for steel industry is mainly driven by two factor; one is the implementation of the government’s ADP plans and government's infrastructure building activities and the other is from the industrial and individual level demand especially for the real estate sector.

Currently, the government projects account for nearly 40% of total steel consumption. According to the local industry leaders, present per capita steel rebar consumption in Bangladesh is only 25 kg and this is expected to grow to 50 kg by 2022. Source: World Steel Association and EBLSL Research According to the World Steel Association, apparent steel consumption of the country was 2.7 million MT in the FY 2014 compared to 2.4 million MT in the FY 2013, posting 10.4% YoY growth.

However, According to the industry insiders, the annual steel consumption of steel (both graded and non-graded) products now stands at roughly 4.0 million MT for long products and 0.7 million MT for CR/GP sheet. Production capacity In terms of production capacity for both finished and semifinished (billet) steels Bangladesh is now self-sufficient. Presently, in Bangladesh, the combined annual production capacity for steel is more than 8.0 million MT.

Moreover, major industry players are injecting fresh investment in this sector to enhance their production capacity to grab the potential of huge demand for the implementation of government’s gigantic infrastructure development plans. For the semi-finished steel melting production, only three big players in the industry Abul Khair (AKS), BSRM and Kabir Steel (KSRM) has more than 3 million MT of billet producing capacity now and total industry as a whole have the capacity to produce roughly 3.6 million MT of billet, representing 90% of total requirements.

You are wrong.BD was mentioned among the largest steel net importer in this pdf file at 13th position with 4 million ton import.Check again.

It's simple logic. There are billions of dollars of infrastructure projects going on in Bangladesh. The demand is exceptionally high, making us one of the fastest growing steel markets in the world. With about 35% tariff on crude steel import, it's common sense that most of the crude steel demand is met locally, otherwise the steel industries wouldn't be able to survive.

The problem with @Nilgiri is that he can show data but lack the ability to analyze it.

How does WSA estimate the figures? They surely don't conduct censuses in different countries. The figures are collected from its members and since Bangladeshi companies and national association are not members of WSA, their production are excluded from WSA stats. That's no rocket science.

And more importantly, the rapid growth of Bangladeshi steel sector has also been showcased in the non-Bangladeshi sources as well.

http://events.steelmintgroup.com/3r...e-asia/bangladesh-steel-industry-an-overview/

http://www.recyclinginternational.c...ess/asia/major-growth-steel-sector-bangladesh

http://news.steel-360.com/steel/bangladesh-land-million-opportunities/

 

[Nilgiri]

LOL at those websites and how they simply copy and paste from other low grade blogs.

How does WSA estimate the figures? They surely don't conduct censuses in different countries. The figures are collected from its members and since Bangladeshi companies and national association are not members of WSA, their production are excluded from WSA stats.

Good that you commited fully now....and got 3 fellow BD's to give a thumbs up. One strike is all thats required now.

https://www.worldsteel.org/steel-by-topic/statistics/about-our-statistics.html

worldsteel has several sources for the data, including worldsteel member companies, national statistics offices and regional steel industry associations. The economics team at worldsteel collects and compiles the data.

However, in January, an 'annual total' figure is published. This total is not the sum of the monthly statistics from January to December because the annual figure is calculated by the reporting institution, including any numbers that may have been changed at source, but not published on worldsteel.org.

Not all steel-producing countries are represented in the monthly table. There are around 65 countries that report their production statistics on a monthly basis and approximately 30 that report only annual figures. Further countries issue quarterly statistics, from which monthly figures are estimated.

(BD annual estimates as described in their yearbook):

https://www.worldsteel.org/en/dam/j...5478ae460/Steel+Statistical+Yearbook+2016.pdf

Just search through using the word Bangladesh. This smashes your claim that absolutely nothing is gathered regarding BD since no BD company has "membership" at WSA (as though 1.2 million ton producing North Korea does).

Production estimated at 100,000 tons (2015)

Import estimated at 4 million tons (2015)

Total consumption imported at 4.2 million tons (2015)

Steel use per capita = 26.1 kg/capita (2015)

For reference (2015):

Pakistan = 37.5 kg/capita
Myanmar = 48.3 kg/capita
Indonesia = 53 kg/capita
India = 68.2 kg/capita
World average = 224.4 kg/capita
China = 509 kg/capita

However BRSM wants to do its account fudging of imports w.r.t claimed EAF capacity is up to itself (definitely no oversight by any reputable steel auditor apparently). WSA rightfully doesn't hold such claims in any high regard (the accounting I mentioned earlier with @Major Sam ). Have a cry about it .

 

[Species]

LOL at those websites and how they simply copy and paste from other low grade blogs.



Good that you commited fully now....and got 3 fellow BD's to give a thumbs up. One strike is all thats required now.

https://www.worldsteel.org/steel-by-topic/statistics/about-our-statistics.html

worldsteel has several sources for the data, including worldsteel member companies, national statistics offices and regional steel industry associations. The economics team at worldsteel collects and compiles the data.

However, in January, an 'annual total' figure is published. This total is not the sum of the monthly statistics from January to December because the annual figure is calculated by the reporting institution, including any numbers that may have been changed at source, but not published on worldsteel.org.

Not all steel-producing countries are represented in the monthly table. There are around 65 countries that report their production statistics on a monthly basis and approximately 30 that report only annual figures. Further countries issue quarterly statistics, from which monthly figures are estimated.

(BD annual estimates as described in their yearbook):

https://www.worldsteel.org/en/dam/j...5478ae460/Steel+Statistical+Yearbook+2016.pdf

Just search through using the word Bangladesh. This smashes your claim that absolutely nothing is gathered regarding BD since no BD company has "membership" at WSA (as though 1.2 million ton producing North Korea does).

Production estimated at 100,000 tons (2015)

Import estimated at 4 million tons (2015)

Total consumption imported at 4.2 million tons (2015)

Steel use per capita = 26.1 kg/capita (2015)

For reference (2015):

Pakistan = 37.5 kg/capita
Myanmar = 48.3 kg/capita
Indonesia = 53 kg/capita
India = 68.2 kg/capita
World average = 224.4 kg/capita
China = 509 kg/capita

However BRSM wants to do its account fudging of imports w.r.t claimed EAF capacity is up to itself (definitely no oversight by any reputable steel auditor apparently). WSA rightfully doesn't hold such claims in any high regard (the accounting I mentioned earlier with @Major Sam ). Have a cry about it .

In other words, WSA publishes improper estimates for countries which are not members, based on obsolete figures. Case in point - Indonesia which according to WSA has a meager 5 million ton steel production.

As said earlier, no rocket science. You just showed your lack of analytical ability again, Nilgiri.

I would give more importance to poverty rates than per capita steel consumption.

India - 21.23% (2011)
Bangladesh - 18.52% (2010)
Nepal - 14.90% (2010)
Pakistan - 6.03 (2013)
China - 1.85% (2013)

http://data.worldbank.org/indicator/SI.POV.DDAY?locations=BD-IN-PK-CN-NP

Note that Indian data is based on highly fudged figures by their government. India's actual poverty rate would be far higher given the poor living standards there.

 

[sbmc27]

I liked the way you are treating him with the taste of his own medicine.

In other words, WSA publishes improper estimates for countries which are not members, based on obsolete figures. Case in point - Indonesia which according to WSA has a meager 5 million ton steel production.

As said earlier, no rocket science. You just showed your lack of analytical ability again, Nilgiri.

I would give more importance to poverty rates than per capita steel consumption.

India - 21.23% (2011)
Bangladesh - 18.52% (2010)
Nepal - 14.90% (2010)
Pakistan - 6.03 (2013)
China - 1.85% (2013)

http://data.worldbank.org/indicator/SI.POV.DDAY?locations=BD-IN-PK-CN-NP

Note that Indian data is based on highly fudged figures by their government. India's actual poverty rate would be far higher given the poor living standards there.

 

[Nilgiri]

In other words, WSA publishes improper estimates for countries which are not members, based on obsolete figures. Case in point - Indonesia which according to WSA has a meager 5 million ton steel production.

As said earlier, no rocket science. You just showed your lack of analytical ability again, Nilgiri.

I would give more importance to poverty rates than per capita steel consumption.

India - 21.23% (2011)
Bangladesh - 18.52% (2010)
Nepal - 14.90% (2010)
Pakistan - 6.03 (2013)
China - 1.85% (2013)

http://data.worldbank.org/indicator/SI.POV.DDAY?locations=BD-IN-PK-CN-NP

Note that Indian data is based on highly fudged figures by their government. India's actual poverty rate would be far higher given the poor living standards there.

Already answered multiple times by the world bank itself, just one example:

http://pubdocs.worldbank.org/pubdoc...09701443800596288/PRN03-Oct2015-TwinGoals.pdf

Nothing of this level of caveat given for BD (and why would it given the massive lack of credibility of BD institutions?).

Note that Indian data is based on highly fudged figures by their government.

Note that all data is based on figures from their govt. When the BD govt ranks badly institutionally and on corruption metrics as seen in the cato freedom index and corruption perceptions index....we have an issue of credibility.....just like the WSA has taken up with the steel figures (that you are butthurt about).

I liked the way you are treating him with the taste of his own medicine.

There is a reason not one Bangladeshi on this forum is seen as intelligent by any non-Bangladeshi. Only self-congratulate in your tiny echo chamber.

Anyway do Bangladeshis even know what medicine taste is? They all come over to India for even the most basic taste of that. Fix your country's dissonance please (between claimed BBS figures and reality)...and then talk up (if anyone bothers to listen).

Case in point - Indonesia which according to WSA has a meager 5 million ton steel production.

They deny it...given its data for 2016?

https://www.indonesia-investments.c...ture-projects-china-production-cuts/item6867?

Read the numbers carefully before you attempt to answer.

And dont call 5 millions meagre when you produce 50 times less than that.

 

[sbmc27]

Thanks in advance.

When someone on high, claiming oneself smart, beautiful , intelligent, wants to be praised and do it repeatedly, repeatedly--it is type of personality disorders.
No need to write same thing repeatedly-who are or who aren't intelligent.

Regarding medicine or healthcare , don't want to compare with India, because we are in another league. India needs another two decades to catch up BD at which level we are now. For further understanding read my previous post.

Regarding data fudging , as far as I know the forum rule is -every data/information/claim should be backed by proper link/reference. You should back your claim of BBS data fudging by proper reference , particularly in health sector (I am part of this sector) or any other specific point. whereas I can post hundreds of links of Indian data fudging.

One question, should I deduct the ISRO's rocket launching with the India's level of corruption perception index?
No, I don't want to. I just appreciate the milestone a truely scientific marvel.

Already answered multiple times by the world bank itself, just one example:

http://pubdocs.worldbank.org/pubdoc...09701443800596288/PRN03-Oct2015-TwinGoals.pdf

Nothing of this level of caveat given for BD (and why would it given the massive lack of credibility of BD institutions?).



Note that all data is based on figures from their govt. When the BD govt ranks badly institutionally and on corruption metrics as seen in the cato freedom index and corruption perceptions index....we have an issue of credibility.....just like the WSA has taken up with the steel figures (that you are butthurt about).



There is a reason not one Bangladeshi on this forum is seen as intelligent by any non-Bangladeshi. Only self-congratulate in your tiny echo chamber.

Anyway do Bangladeshis even know what medicine taste is? They all come over to India for even the most basic taste of that. Fix your country's dissonance please (between claimed BBS figures and reality)...and then talk up (if anyone bothers to listen).



They deny it...given its data for 2016?

https://www.indonesia-investments.c...ture-projects-china-production-cuts/item6867?

Read the numbers carefully before you attempt to answer.

And dont call 5 millions meagre when you produce 50 times less than that.

 

[UKBengali]

Thanks in advance.
When someone on high, claiming oneself smart, beautiful , intelligent, wants to be praised and do it repeatedly, repeatedly--it is type of personality disorders.
No need to write same thing repeatedly-who are or who aren't intelligent.
Regarding medicine or healthcare , don't want to compare with India, because we are in another league. India needs another two decades to catch up BD at what level we are now. For further understanding read my previous post.
Regarding data fudging , as far as I know the forum rule is -every data/information/claim should be backed by proper link/reference. You should back your claim of BBS data fudging by proper reference , particularly in health sector (I am part of this sector) or any other specific point. whereas I can post hundreds of links of Indian data fudging.
One question, should I deduct the ISRO's rocket launching with the India's level of corruption perception index?
No, I don't want to. I just appreciate the milestone a truely scientific marvel.

@Nilgiri is the forum weirdo.

He has no life but to hang around BD forum all day.

 

[Nike]

Already answered multiple times by the world bank itself, just one example:

http://pubdocs.worldbank.org/pubdoc...09701443800596288/PRN03-Oct2015-TwinGoals.pdf

Nothing of this level of caveat given for BD (and why would it given the massive lack of credibility of BD institutions?).



Note that all data is based on figures from their govt. When the BD govt ranks badly institutionally and on corruption metrics as seen in the cato freedom index and corruption perceptions index....we have an issue of credibility.....just like the WSA has taken up with the steel figures (that you are butthurt about).



There is a reason not one Bangladeshi on this forum is seen as intelligent by any non-Bangladeshi. Only self-congratulate in your tiny echo chamber.

Anyway do Bangladeshis even know what medicine taste is? They all come over to India for even the most basic taste of that. Fix your country's dissonance please (between claimed BBS figures and reality)...and then talk up (if anyone bothers to listen).



They deny it...given its data for 2016?

https://www.indonesia-investments.c...ture-projects-china-production-cuts/item6867?

Read the numbers carefully before you attempt to answer.

And dont call 5 millions meagre when you produce 50 times less than that.

our installed capacity stands at 9 to 11 million tons, but the utilization is far below that thanks to China cheap slabs steel. Our gov. are pragmatic enough to let some imports came and at the same time made obligation for the SOE construction companies to use local products. Thats why our construction projects still can running on cheap steel but the steel industries still can take breath

 

[Nilgiri]

Regarding medicine or healthcare , don't want to compare with India, because we are in another league.

Yeah obviously given you send more than a million people each year for treatment of the most common ailments.

Regarding data fudging , as far as I know the forum rule is -every data/information/claim should be backed by proper link/reference. You should back your claim of BBS data fudging by proper reference , particularly in health sector (I am part of this sector) or any other specific point. whereas I can post hundreds of links of Indian data fudging.

Its called credibility stupid. When your whole govt and even courts stinks of corruption cesspool, no one gives a damn about finding specific data fudging....just take the data, print it, put an asterisk if you care about it enough as a publisher....as though anyone is interested in visiting BD to try prove otherwise.

All people need to know is nothing coming out of BD is to be trusted inherently.

Can look up how your govt is rated yourself:

https://www.cato.org/human-freedom-index

https://www.transparency.org/news/feature/corruption_perceptions_index_2016

So you can be triggered as much as you want that WSA counts BD steel production as 100,000 tons, completely giving a finger to BRSM or whichever 5th grade BD metal scrap company claims otherwise ok?

If there was specific accounting and oversight to that degree in socio-economic studies too...BD would definitely be worse than sub-saharan africa easily. After all you have worse science and RnD output than them and Dhaka is ranked below their cities in liveability index too.....things BD BBS could not fudge. Quelle surprise! Its similar to how BD immigrants rank in their health and intelligence as well (again the 3rd party effect).

One question, should I deduct the ISRO's rocket launching with the India's level of corruption perception index?
No, I don't want to. I just appreciate the milestone a truely scientific marvel.

No one gives a damn what you do or think much less your hypothetical query. That (ISRO) is an example of evidence for everyone to see....not papers with "data" produced by a cesspool of filthy corruption.....in complete dissonance with actual standards and fact checking employed by 3rd party (like WSA, the economist IU and others)

our installed capacity stands at 9 to 11 million tons, but the utilization is far below that thanks to China cheap slabs steel. Our gov. are pragmatic enough to let some imports came and at the same time made obligation for the SOE construction companies to use local products. Thats why our construction projects still can running on cheap steel but the steel industries still can take breath

Yah these fellows just dragging their butthurt trying to use Indonesia again.

I really don't understand why they are so upset that BD produces next to no steel. They are consuming fair amount enough given their overall development. Its not like its a huge jobs bonanza sector. Its really how much steel you consume in the end....industry production/import specifics is another issue altogether, the viability is different from country to country.

 

[sbmc27]

Stupid , if you can't answer my raised concerns spare me from your BS.
Cheers.

 

[Nilgiri]

Stupid , if you can't answer my raised concerns spare me from your BS.
Cheers.

No one cares about BD enough. Improve yourself and your credibility to make it worthwhile endeavour in the first place.

Does anyone specifically go into subsaharan africa or north korea either to figure out whats being lied about (intentionally or not)? No one cares in the same sense about BD, literally 0 tourists visit and BD economic footprint is negligible.

Freedom index and CPI index are largely what BD people themselves rate their own country and govt. If this is their verdict, you expect foreigners to suddenly believe the sunshine and roses thrown above and beyond that by whichever awful administration is in power?

 

[Species]

Already answered multiple times by the world bank itself, just one example:

http://pubdocs.worldbank.org/pubdoc...09701443800596288/PRN03-Oct2015-TwinGoals.pdf

Nothing of this level of caveat given for BD (and why would it given the massive lack of credibility of BD institutions?).



Note that all data is based on figures from their govt. When the BD govt ranks badly institutionally and on corruption metrics as seen in the cato freedom index and corruption perceptions index....we have an issue of credibility.....just like the WSA has taken up with the steel figures (that you are butthurt about).



There is a reason not one Bangladeshi on this forum is seen as intelligent by any non-Bangladeshi. Only self-congratulate in your tiny echo chamber.

Anyway do Bangladeshis even know what medicine taste is? They all come over to India for even the most basic taste of that. Fix your country's dissonance please (between claimed BBS figures and reality)...and then talk up (if anyone bothers to listen).



They deny it...given its data for 2016?

https://www.indonesia-investments.c...ture-projects-china-production-cuts/item6867?

Read the numbers carefully before you attempt to answer.

And dont call 5 millions meagre when you produce 50 times less than that.

Yeah.. ok.

Stupid , if you can't answer my raised concerns spare me from your BS.
Cheers.

He's now gasping at the straw after being already countered and dusted.