DHAKA: Bangladesh will witness a dramatic increase in steel manufacturing in the coming years as consumption is expected to rise rapidly to cater to large infrastructure projects and higher demand across the country, industry leaders said yesterday.
Production will rise to more than six million tonnes a year in a couple of years from four million tonnes now, said Manwar Hossain, managing director of Anwar Group.
“The industry is booming,” he told The Daily Star on the sidelines of the second and last day of the Coal, Steel and Raw Material Conference at Radisson Hotel in Dhaka.
Some 270 people from 12 countries including India, Singapore, the US, Japan, Korea and some European countries took part in the conference organised by SteelMint Events, an event management company based in India.
The event enabled major suppliers of raw materials and technology from all over the world to network with steel, cement and power producers and traders in Bangladesh, said Dhruv Goel, managing director of SteelMint. More than two dozen companies set up stalls at the conference venue to show their products.
The global steel industry is going through a slowdown; however, there are a few countries that have performed extremely well and Bangladesh is one of them, he added.
