Price of mild steel rods could rise

Global crude steel production rebounded in January as demand in China rebounded. But last month, production fell again. Among the top countries, except for China, South Korea and Iran, the production of all countries was on the downward trend. Due to the economic crisis, the turbulent situation in the banking sector, and natural calamities, production has decreased.

Elite Paint, one of the country's oldest decorative paint producers, imported around three and a half tonnes of completed paint from India in cans with the 'Product of Bangladesh' mark, in violation of the customs statute and country-of-origin restrictions. The shipment was sent from Soujanya Color in India, and Elite Paint's affiliate Elite International, a clearing and forwarding agent, is in charge of releasing the package from the port. But, earlier last month, Chattogram Custom House officers seized 3,000 Elite Paint-branded plastic canisters containing 16 colours of ornamental paint for breaking various guidelines.

GPH Ispat has introduced B600 C-R and B600 D-R rods in the steel market . On a seminar titled "Countries only high strength and high performing steel GPH Quantam B600 C-R & B600 D-R" was held in a Chattogram hotel regarding this. Professor Dr Shamim Z Basunia, technical team head of the Padma Bridge Project, stated that GPH Steel has taken a groundbreaking step in the country's infrastructure sector by introducing B600 C-R & B600 D-R

A delegation from the United States' Vinton Steel LLC paid a visit to the GPH Ispat factory in Chattogram district's Sitakunda upazila.The delegation was led by Tatsuya Fukuyama, general manager of Vinton Steel, Japan and Eduardo Gonzalez, general manager of Vinton Steel US.

LafargeHolcim Bangladesh declared record results of the Annual Financial Report 2022 where the company achieved the highest-ever profit for a year 48 percent. According to the company's press release, new products and innovative solutions, along with a strong digital footprint, provide a sustainable growth momentum, resulting in a 15% increase in net sales. 

Confidence Cement Ltd. declared a profit of Tk 22.51 crore in the quarter from October to December of the current fiscal year which was down about 20% from the Tk 28.09 crore in the first quarter of the previous fiscal year, 2021–2022. According to the unaudited financial statements, the consolidated earnings per share (EPS) in October–December 2022–23 were Tk 2.74 as opposed to Tk 3.42 in the same quarter a year earlier.