3rd Steel & Raw Material Conference

Bangladesh is one of Asia’s key emerging and fastest growing economy. Its galloping growth rate requires infra development at an unprecedented scale, underscoring the demand for steel, cement, power, etc. Its steel industry is worth Taka 55,000 crore (USD 62 million) with a per capita steel consumption forecasted to increase from 45 kg in 2017 to 73 kg by 2022. It is globally the 2nd-largest destination for scrapped ships and one of the largest ferrous scrap consumers with imports touching 4 mnt currently. To power economic growth, its coal imports are expected to touch 18 mnt by 2025. Infrastructure development, construction and automotive are the sectors to watch out for.