What Makes Bangladesh an Interesting Story

• With 8% GDP growth rate, Bangladesh is the world’s 3rd fastest growing economy
• Several key infrastructural projects in the pipeline, which will increase steel consumption significantly
• Per capita steel consumption forecasted to increase from 45 kg in 2017 to 73 kg by 2022
• Steel melting capacity likely to ramp up from 6 MnT to 9 MnT in coming years
• Ferrous scrap imports crossed 3 MnT last fiscal; volumes to double in next 3 years. Metallic imports will also increase in a similar proportion
• Bangladesh – 2nd largest destination for scrapped ships in the world
• Coal imports expected to touch 18 MnT by 2025 as coal-based power plants to multi-fold their capacity (edited)

Source: SteelMint, Provisional Data

Source: WSA, Company Report, E-Estimated Figure

Source: Bangladesh Ship Breaking Association, SteelMint
E-Estimated Figure