"The global steel industry is going through a slowdown, but the picture in The global steel industry is going through a slowdown, but the picture in Bangladesh is the opposite, with the sector registering 15 percent growth last year riding on large infrastructure projects. Steel industry is growing at a very rapid pace in Bangladesh predominantly based in the port city of Chittagong, the industry
has emerged as a major contributor to the national economy. The first ever steel mill was established in 1952 by the H Akberali Group of Industries as the “Bangladesh Steal Re-rolling Mills (BSRM)”. Located at Nasirabad, Chittagong, the plant formed re-enforcing bars and structural sections. The steel industry in Bangladesh produces mainly two classes of products: flat steel (mainly CI sheet and CR coil) and long steel (MS rod/TMT bar). Although there are currently over 400 active firms in the industry, the top 20 companies service more than half of the demand. Among them, BSRM, PHP family, Abul Khair, KDS Group, GPH Ispat, Karnafully Steel, RSRM, KSRM, Anwar Steel, AK steel, Rahim steel, S.Alam ,Apollo Ispat are worth mentioning. As with the global market, there is also a supply surplus in the local steel industry: the current demand is around 4 million tonnes, while the total capacity is around 8 million tonnes. The government projects account for nearly 40% of total steel consumption. At the moment, per capita steel rebar consumption in Bangladesh is only 25 kg this is expected to grow to 50 kg by 2022."
