9,321.64 TRY BIST 100 BIST 100
38.18 USD USD USD
5.27 CNY CNY CNY
44.06 EUR EUR EUR
0.12 CNY CNY/EUR CNY/EUR
45.84 TRY Interest Interest
66.96 USD Fossil Oil Fossil Oil
40.44 USD Silver Silver
4.76 USD Copper Copper
99.35 USD Iron Ore Iron Ore
352.00 USD Shipbreaking Scrap Shipbreaking Scrap
4,286.58 TRY Gold (gr) Gold (gr)

Bangladesh's steel production is expected to double and thrive by 2030

Bangladesh is expected to double its steel production by 2030.

Bangladesh's steel production is expected to double and thrive by 2030

The current estimated steel consumption in Bangladesh is at 45kg average per capita. However this demand is expected to rise. In 2030, it will be increasing more than 100kg per capita in the coutry. The production is also to increase in accordance with that higher demand. The possible production growth is at a rate of 10% for 2030 Bangladesh.

Being one of the most important names in steel production, Bangladesh, is to recover fully by 2030. After the difficult pandemic conditions were eliminated it is thought that production will double in total as the country's production facilities become active again. According to the predicted developments until 2030 Bangladesh will thrive again in steel industry. The professionals also add that this growth would bring new challenges and they are getting ready for the future as much as possible. 

Entrepreneurs had difficulties even paying employees and keeping the business running but the factories are now operating again. Nowadays, the shortage of melting scrap in the world market seems to be the most important problem that affect all.

The industrial sectors in Bangladesh is beginning to turn around just like global partners after the disasterous period.

In the past few years, the implementation of mega projects in the government sector and the developments of economic zones, the increase in the construction sector, plus power plants, have been the main reason of the growth in the steel sector. So right now the entrepreneurs are focusing on increasing production by expanding modern technology and factories.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

April prices fluctuated in Egypt's rebar market

Tuesday, April 22, 2025

Türkiye's consumer confidence index decreased again in April

Tuesday, April 22, 2025

EU supports Spain with 400 million euros in hydrogen production support

Tuesday, April 22, 2025

İsdemir to build a SPP worth TRY 701.6 million in Diyarbakır

Tuesday, April 22, 2025

Egypt and Saudi Arabia to cooperate on green energy

Tuesday, April 22, 2025
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now