Bangladesh Coal Conference 2020
Bangladesh is more dependent on gas for its power generation but are energy equations changing? Is the Coal narrative getting stronger in this fast emerging market?
WHY BANGLADESH?
163 Million Population |
8% GDP Growth |
3 MnT Scrap Import |
11 MnT Steel Melting Capacity by 2025 |
- 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)
Bangladesh Steel Making Capacity
Source: SteelMint, Provisional Data
Bangladesh Scrap Import
Source: WSA, Company Report, E-Estimated Figure
Bangladesh Scrap Import
Source: Bangladesh Ship Breaking Association, SteelMint
E-Estimated Figure
% Share of Bangladesh Scrap Importers in 2018
KEY FOCUS AREAS
Scrap Supply-Demand & Price Scenario