Steel industry has good future as demand rising

Undergoing uncertainties for high raw material prices and foreign currency rates, the country's steel industry still has a good future as infrastructure demand is booming while the economy resilient, said experts and manufacturers at a conference yesterday. 

They informed that steelmakers in Bangladesh including BSRM, AKS and GPH are going to increase their production capacities by around five to six million tonnes in the next four to five years to cater to government-funded infrastructure projects.

The programme, styled "3rd Steel and Raw Material Conference: Emerging Bangladesh", was organised by SteelMint Events, an India-based networking and business platform, in Chattogram yesterday.

Participants from 30 countries, including global suppliers of raw materials and technology, joined the two-day event jointly inaugurated by BSRM Group Chairman Alihussain Akberali and PHP Group Chairman Sufi Mohamed Mizanur Rahman.