Bangladesh Steel industry is emerging as one of the major industrial sectors of the country.
It consists of small up to the largest scale of steel melting and re-rolling factories across the country,
that mostly produce deformed bar rod of different grade (40, 60, 500), angel, channel and coil for the construction industry.
Before 1971 Bangladesh did not have any steel mill and even after the liberation there were only a few steel factories in the country.
In 1990s the actual development began in this sector through a revolution. During that period the building constructing agencies or developer companies came forward to build modern infrastructure. Then with the increasing demand, new investors started investing in steel or rod production. In 2012 we have almost 400 mills across the country.
Steel industry is an established and growing industry in Bangladesh. Predominantly based in the port city of Chittagong, the industry has emerged as a major contributor to the national economy.
According to the experts, the growth of steel industry in Bangladesh is mainly induced by the rapid expansion of the country's shipbuilding and real estate sector, as well as the major investments in various infrastructure projects throughout the country.
The domestic consumers of steel products include contractors, property developers, export processing zones, road and bridge construction companies, shipbuilding companies etc.
The steel exporters of Bangladesh have ensured strong foothold especially in the African markets. As a result, Bangladesh is now considered as a major emerging player in the global stage.