Steel manufacturer GPH Ispat started billet export to China on 19 November, 2020 with the first shipment of 25,000 tons worth USD 10.17 million through bulk cargoes.
‘It is the biggest ever shipment of raw materials for rod by any Bangladeshi company,’ said Md Alamgir Kabir, Chairman of GPH Ispat.
‘After fulfilling our country’s demand, we are now exporting billets in large volumes.’
The government has taken several initiatives to give a boost to the sector that can ensure easy access of the entrepreneurs in the global market, Industries Minister Nurul Majid Mahmud Humayun said at the virtual inauguration ceremony as the Chief Guest.
The minister also urged the entrepreneurs of the steel industry to make an effective contribution to the national economy by increasing the production of MS Billet and its export to the world market. The steel-maker’s disclosure came a month after it expanded its annual billet production capacity from 2.1 lac tons in 2018 to more than 10 lac tons this year.
