Steel production to jump on big infrastructure projects.

[Bilal9]

In this first quarter 68% investment proposal registered in engineering and chemical factories.

Local investment or from Asia (mainly China?)

 

[TopCat]

Local investment or from Asia (mainly China?)

Mostly local.

 

[TopCat]

Local investment or from Asia (mainly China?)

http://bida.portal.gov.bd/sites/default/files/files/bida.portal.gov.bd/news/7773fd3f_d0bc_415e_a83c_2d5a36205432/bida press ad.pdf

Made a mistake 68% engineering 10% chemicals.
Textile is only 5%

 

[bd_4_ever]

This is good news. We need to be self-sufficient in steel production in relative to the growing economy and incoming investments. In the long run, exporting high quality processed steel should be up in the bucket list as well.

 

[bluesky]

A country's development can be measured by its per capita consumption of steel. In case of Bd, it is going up.

 

[bd_4_ever]

A country's development can be measured by its per capita consumption of steel. In case of Bd, it is going up.

Very interesting comment. Could you elaborate further?

 

[bluesky]

Very interesting comment. Could you elaborate further?

Steel has many many uses. An agrarian country consumes very low quantity of steel. This was what happened before 1971. I am not talking about the liberation war. But, talking 1971 just as a milestone. When a country starts developing it needs at least two base materials. These are cement and steel. Plastic is another component, but it is not a basic material. Plastic is a derivative from oil or gas.

Steel is needed to construct high-rise buildings (50-storied ones or above may need steel frame), reinforced cement concrete roads, RCC bridges, steel truss bridges (a must for railway bridges), bridges built of concrete/steel composite girders and beams, railway tracks and other components, machines, equipment, chimneys in mills and factories, etc. Add also cars, motor cycles, cranes, ships, boats, pylons for electricity transmission, etc.

The conclusion is that building a country's physical infrastructure requires the use of steel. The more a country's economy grows the more it consumes steel as a percentage of GDP. This is how a country's per capita consumption of steel keeps on growing up to a certain limit unique for each country. So, Steel is an indicator of the level of physical development of a country. All the already developed countries have high rates of consumption of steel.

 

[rome333]

BSRM (Steel+BSRM) alone produces about 1 million MT of both billet and finished rebar per annum. And it has about 20% market share. So current steel production would not be less than 5 million MT per annum.

Look at GPH, they are investing 1700 core TK for their integrated European plant with final capacity of 1 million MT of billet and 0.76 million MT of rebar per annum, coming online by 2018.