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In Bangladesh, four Chattogram-based steelmakers—BSRM, AKS, GPH Ispat, and KSRM—account for 53% of the total steel demand, with BSRM catering to 25%, AKS 14%, GPH 8%, and KSRM 6%. The country’s 40 active steelworks have a combined annual capacity of 90 lakh tonnes, against a demand of around 85 lakh tonnes. Individually, BSRM can produce 24 lakh tonnes annually, AKS 15 lakh tonnes, and both GPH and KSRM 8 lakh tonnes each. Despite economic pressures and reduced government consumption from 55% to 45%, the industry is set to grow, with steel consumption projected to rise by 25% to 1.06 crore tonnes by 2027, and production capacity to 1.30 crore tonnes. Chattogram holds 62% of the steel-melting capacity, while Dhaka accounts for 32%, facilitated by proximity to the Chattogram port. Small and new companies are entering the market, contributing to the overall production capacity.
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