Experts opined that Bangladesh steel industry has immense growth potentials, which can be explored and utilized in the upcoming years, provided Chittagong Port's handling capacity is enhanced as well as ample gas and electricity supply is ensured.
They said Bangladesh's steel consumption is currently around seven to eight million tonnes a year, which will rise to 18 million tonnes a year by 2030, if the sector gets necessary support.
These views came in International Steel Long Products Summit 2017 at Radisson Blu Chittagong recently. Major steel producers from home and abroad participated in the daylong event with their products.
Local major steel producers, like - BSRM, GPH Ispat, RRM, PHP Family and RSRM, along with global steel sector leaders, like - SMS Group of Germany, Primetal Technologies, Electrotherm, Conecranes, MHM, Padman, Steel Users Forum of India (SUFI), Doshion Water Solution, Baumer, M Sons Industries and IMT, showcased their products.
