Welcome to Metal Expo Bangladesh.
Architects, Builders, Developers & Real Estate Professionals Construction & Infrastructure Companies EPC (Engineering, Procurement & Construction) Contractors Steel, Metal, Tube & Pipe Manufacturers and Processors Automotive Manufacturers & Component Suppliers Railway, Metro & Transportation Authorities Shipbuilding, Offshore & Marine Industry Professionals Defence & Aerospace Industry Representatives Oil, Gas, Petrochemical & Refinery Companies Chemical Processing Industry Professionals Power Generation & Utility Companies Green Hydrogen & Renewable Energy Project Developers | Heavy Industries & Industrial Manufacturing Companies Food Processing, Catering & Packaging Industries Paper, Pulp & Packaging Manufacturers Consumer Appliance Manufacturers Medical Equipment & Healthcare Industry Professionals Bridge, Storage Tank & Industrial Structure Fabricators Fabrication, Welding & Metalworking Professionals Engineering Consultants, Project Managers & Procurement Specialists Government Bodies, Industry Associations & Regulatory Authorities Importers, Exporters, Distributors & Traders Investors, Business Owners & Industry Decision Makers |
Industry Overview :
The global iron and steel market was valued at USD 1,599.4 billion in 2022 and is projected to reach USD 1,928.6 billion by 2027, with a compound annual growth rate (CAGR) of 3.8% during the forecast period from 2022 to 2027,The steel industry experienced sharp growth in the early 1990s owing to private entrepreneurs’ investment in the sector. This industry is now flourishing, mainly relying on the investment of large conglomerates, diversifying products, and transforming production. As per the World Steel Association, Bangladesh manufactured 5.2 million metric tons of steel in 2022, and its net import of steel decreased to 2.2 million metric tons, implying that the country’s consumption of steel was roughly 7.4 million metric tons, According to The Business Standard, there is an anticipated increase in the rate of expansion of factory capacity, with projections indicating a rise to 13 million metric tons by the year 2025.
The steel industry in Bangladesh is valued at around BDT 55,000 crore (USD 6.2 billion), with per capita consumption projected to rise from 45 kg in 2022 to over 100 kg by 2030. The sector is growing at 10% annually, supported by nearly 400 mills nationwide. The Bangladesh Light Engineering Sector plays a crucial role in employment, exports, and socio-economic development. It employs over 1 million people, with around 60,000 micro-enterprises and 20,000 SMEs, amounting to an investment of USD 20 billion. The manufacturing sector contributes 20% of GDP, of which light engineering contributes 2%, with an annual turnover of Tk. 200 billion.
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