GPH Ispat starts billet export to China

[DalalErMaNodi]

Steel manufacturer GPH Ispat started billet export to China yesterday with the first shipment of 25,000 tonnes worth $10.17 million through bulk cargoes.

"It is the biggest ever shipment of raw materials for the rod by any Bangladeshi company," said Md Alamgir Kabir, chairman of GPH Ispat Group.

"After fulfilling our country's demand, we are now exporting billets in large volumes."

The government has taken several initiatives to give a boost to the sector that can ensure easy access of the entrepreneurs in the global market, Industries Minister Nurul Majid Mahmud Humayun said at the virtual inauguration ceremony as the chief guest.

The minister also urged the entrepreneurs of the steel industry to make an effective contribution to the national economy by increasing the production of MS Billet and its export to the world market.


The government is trying to give an incentive to the steel entrepreneurs to encourage steel and billet exports, Commerce Minister Tipu Munshi said.

The steel-maker's disclosure came a month after it expanded its annual billet production capacity from 2.1 lakh tonnes in 2018 to more than 10 lakh tonnes this year.

The company also increased its rod production capacity from 1.50 lakh tonnes in 2018 to 7.60 lakh tonnes in this year.

Having started its journey in 2006, GPH began commercial production in August 2008 with an annual capacity to produce 84,000 tonnes of billet and 120,000 tonnes of rod.

Currently, 35 factories of around 400 mills of the sector make billet by importing scrap and scrap ships.

Bangladesh Trade and Tariff Commission Chairman Munshi Shahabuddin Ahmed, Chattogram Port Authority Chairman Rear Admiral SM Abul Kalam Azad and Chattogram Chamber of Commerce and Industry President Mahbubul Alam were also present.




Source

 

[Michael Corleone]

View attachment 689284


Steel manufacturer GPH Ispat started billet export to China yesterday with the first shipment of 25,000 tonnes worth $10.17 million through bulk cargoes.

"It is the biggest ever shipment of raw materials for the rod by any Bangladeshi company," said Md Alamgir Kabir, chairman of GPH Ispat Group.

"After fulfilling our country's demand, we are now exporting billets in large volumes."

The government has taken several initiatives to give a boost to the sector that can ensure easy access of the entrepreneurs in the global market, Industries Minister Nurul Majid Mahmud Humayun said at the virtual inauguration ceremony as the chief guest.

The minister also urged the entrepreneurs of the steel industry to make an effective contribution to the national economy by increasing the production of MS Billet and its export to the world market.


The government is trying to give an incentive to the steel entrepreneurs to encourage steel and billet exports, Commerce Minister Tipu Munshi said.

The steel-maker's disclosure came a month after it expanded its annual billet production capacity from 2.1 lakh tonnes in 2018 to more than 10 lakh tonnes this year.

The company also increased its rod production capacity from 1.50 lakh tonnes in 2018 to 7.60 lakh tonnes in this year.

Having started its journey in 2006, GPH began commercial production in August 2008 with an annual capacity to produce 84,000 tonnes of billet and 120,000 tonnes of rod.

Currently, 35 factories of around 400 mills of the sector make billet by importing scrap and scrap ships.

Bangladesh Trade and Tariff Commission Chairman Munshi Shahabuddin Ahmed, Chattogram Port Authority Chairman Rear Admiral SM Abul Kalam Azad and Chattogram Chamber of Commerce and Industry President Mahbubul Alam were also present.




Source

So China now has so much demand that hey need to import from abroad. Damn. No wonder they changed the faces of their cities within 10 years

 

[SBUS-CXK]

Crude steel. a polluting industry, you know...

 

[SpaceMan18]

Wow that's nice , hmmm I wonder if we can match Japanese steel quality ?

 

[fallstuff]

All good news.

 

[mb444]

View attachment 689284


Steel manufacturer GPH Ispat started billet export to China yesterday with the first shipment of 25,000 tonnes worth $10.17 million through bulk cargoes.

"It is the biggest ever shipment of raw materials for the rod by any Bangladeshi company," said Md Alamgir Kabir, chairman of GPH Ispat Group.

"After fulfilling our country's demand, we are now exporting billets in large volumes."

The government has taken several initiatives to give a boost to the sector that can ensure easy access of the entrepreneurs in the global market, Industries Minister Nurul Majid Mahmud Humayun said at the virtual inauguration ceremony as the chief guest.

The minister also urged the entrepreneurs of the steel industry to make an effective contribution to the national economy by increasing the production of MS Billet and its export to the world market.


The government is trying to give an incentive to the steel entrepreneurs to encourage steel and billet exports, Commerce Minister Tipu Munshi said.

The steel-maker's disclosure came a month after it expanded its annual billet production capacity from 2.1 lakh tonnes in 2018 to more than 10 lakh tonnes this year.

The company also increased its rod production capacity from 1.50 lakh tonnes in 2018 to 7.60 lakh tonnes in this year.

Having started its journey in 2006, GPH began commercial production in August 2008 with an annual capacity to produce 84,000 tonnes of billet and 120,000 tonnes of rod.

Currently, 35 factories of around 400 mills of the sector make billet by importing scrap and scrap ships.

Bangladesh Trade and Tariff Commission Chairman Munshi Shahabuddin Ahmed, Chattogram Port Authority Chairman Rear Admiral SM Abul Kalam Azad and Chattogram Chamber of Commerce and Industry President Mahbubul Alam were also present.




Source

I have been following this sector with interest.....at least in the west the news is that China is overproducing steel at a loss and flooding the market leading to companies like British steel having to close down factories.

If this is the case why is China importing?

Obviously from a cost perspective BD will have advantage in labour cost. But we do not have raw materials in country. Our raw materials for steel rods comes from breaking ships. These new factories and capacities are being built on expected uptake in internal country demand primarily and then for international demand.

BD is creating new logistics chain and massively upskilling and up scalling in this super critical sector. Fascinating to see.

 

[SBUS-CXK]

I have been following this sector with interest.....at least in the west the news is that China is overproducing steel at a loss and flooding the market leading to companies like British steel having to close down factories.

If this is the case why is China importing?

Obviously from a cost perspective BD will have advantage in labour cost. But we do not have raw materials in country. Our raw materials for steel rods comes from breaking ships. These new factories and capacities are being built on expected uptake in internal country demand primarily and then for international demand.

BD is creating new logistics chain and massively upskilling and up scalling in this super critical sector. Fascinating to see.

Yes bro. we have the problem of overcapacity. But it is not important. For example, Jingye Steel Company in Hebei Province. It even bought the British Steel Company.

So a very important reason is... CCP has implemented a stricter environmental protection policy. Some "unimportant" steel industries have been abandoned, so they need to be imported.

 

[itsanufy]

View attachment 689284


Steel manufacturer GPH Ispat started billet export to China yesterday with the first shipment of 25,000 tonnes worth $10.17 million through bulk cargoes.

"It is the biggest ever shipment of raw materials for the rod by any Bangladeshi company," said Md Alamgir Kabir, chairman of GPH Ispat Group.

"After fulfilling our country's demand, we are now exporting billets in large volumes."

The government has taken several initiatives to give a boost to the sector that can ensure easy access of the entrepreneurs in the global market, Industries Minister Nurul Majid Mahmud Humayun said at the virtual inauguration ceremony as the chief guest.

The minister also urged the entrepreneurs of the steel industry to make an effective contribution to the national economy by increasing the production of MS Billet and its export to the world market.


The government is trying to give an incentive to the steel entrepreneurs to encourage steel and billet exports, Commerce Minister Tipu Munshi said.

The steel-maker's disclosure came a month after it expanded its annual billet production capacity from 2.1 lakh tonnes in 2018 to more than 10 lakh tonnes this year.

The company also increased its rod production capacity from 1.50 lakh tonnes in 2018 to 7.60 lakh tonnes in this year.

Having started its journey in 2006, GPH began commercial production in August 2008 with an annual capacity to produce 84,000 tonnes of billet and 120,000 tonnes of rod.

Currently, 35 factories of around 400 mills of the sector make billet by importing scrap and scrap ships.

Bangladesh Trade and Tariff Commission Chairman Munshi Shahabuddin Ahmed, Chattogram Port Authority Chairman Rear Admiral SM Abul Kalam Azad and Chattogram Chamber of Commerce and Industry President Mahbubul Alam were also present.




Source

Want to know from where BD is procuring raw materials.

 

[DalalErMaNodi]

Want to know from where BD is procuring raw materials.

World's biggest ship breaking yards.... We hold 55% share and growing over the shipbreaking industry.

 

[bluesky]

Crude steel. a polluting industry, you know...

Yes, steel making is a polluting industry. But, steel is needed to modernize an economy.

 

[siegecrossbow]

Maybe they are using imported steel to circumvent reliance on imported iron ore on top of environmental reasons.

 

[bluesky]

Wow that's nice , hmmm I wonder if we can match Japanese steel quality ?

There was a time, the standard tensile strength of Japanese steel bar/rod was about 1900kg/cm2. Now, they are capable to produce high performance steel with a tensile strength that exceeds 9500kg/cm2 (HT950 grade) .

It is too high a value for many others to emulate, especially which are underdeveloped countries.

 

[bluesky]

"Steel manufacturer GPH Ispat started billet export to China yesterday with the first shipment of 25,000 tonnes worth $10.17 million through bulk cargoes".

The quantity of steel export is really good and I hope it will initiate the next phases of exports and consequent improvement of BD-produced steel.

China is not the only market. The entire world needs good quality steel.

 

[Bilal9]

There has been some very large investments in the local steel sector lately, which is no surprise, due to massive activity in the local infra sector. Demand is outpacing supply, which has gone up several fold and now with these investments, several magnitudes more again.

So much so - that per capita steel consumption will go up from 46 kg per capita in 2016 to 216 kg per capita when the new capacity is completed. Story here,

Bangladesh Economic & Infrastructure Development - Updates & Discussions

It may be noted that current per capita steel consumption is around 70 kg in India and 38 kg in Pakistan as against the global per capita figure of 224.5 kg.

Steel consumption low in Pakistan | The Express Tribune

tribune.com.pk

Per capita steel consumption in India a third of global figure: Study

In contrast, China's consumption of the alloy was more than twice the world average and over eight times the Indian figure

www.business-standard.com

 

[GS Zhou]

I have been following this sector with interest.....at least in the west the news is that China is overproducing steel at a loss and flooding the market leading to companies like British steel having to close down factories.

If this is the case why is China importing?

Simple, the steel demand in China is simply too big. The domestic steel industry, although they are already working at full capacity, still cannot meet the demand fully.

The global steel production 2020