The steel and re-rolling industry of Bangladesh started its journey in 1952 with BSRM. As of 2022, this industry is worth $62 million, and it is expected to grow larger with a significant expansion to the global market. The country’s steel melting capacity is forecasted to reach 13,000,000 tonnes by 2025, thanks to its thriving real estate and shipbuilding sectors.
A highly prospering industry like this is a valuable asset and contributor to the economy of a developing country like Bangladesh. There are about 400 steel and re-rolling mills in the country, whereas the top 45 companies are responsible for 80% of the total steel production, which amounts to 9 million metric tonnes. Thanks to them, Bangladesh is now self-sufficient in the production of finished and billet steels.
In this article, we will introduce you to the top 10 steel mill companies in Bangladesh. They not only significantly boost the country’s economy but also proudly represent the nation in the global marketplace and inspire new ventures to develop this industry further.
1. Bangladesh Steels Re-Rolling Mills Ltd (BSRM)
Since its inception in 1952, BSRM has been continuously working to evolve Bangladesh’s steel industry and support its infrastructural development. It is the first company to introduce EMF-tested rods. This Chattogram-based company’s most notable projects include national landmarks such as the Padma Bridge, Hatirjheel Project, Rooppur Nuclear Power Plant, Mayor Hanif Flyover, Bangabandhu Tunnel, Shah Amanat Bridge, and Zillur Rahman Flyover.
In 2021, BSRM recorded an overwhelming sales volume of 1,743,115 metric tonnes of steel products. The company also has the highest steel rod production capacity in the country. It has an annual melting capacity of 1.9m MT, a rolling capacity of 1.6m MT, and a wire production capacity of 65,500 MT. Its network spans across 25 regions through 19 sales offices, 13 warehouses, and 650 dealers. The company offers a wide range of steel-made products and services, including rods of various strengths, angles, channels, square bars, stirrups, fast-build services, etc.
BSRM won the Best Brand Award as the No.1 Rod Brand in Bangladesh for eight years in a row – from 2011 to 2019. It also received the ICSB National Award (Gold) in 2015. For its contribution to the country’s export sector, BSRM won the Export Award (Silver) from the Honorable Prime Minister in 2014. In the same year, it won President’s Award for Industrial Development. BSRM received many other recognitions and awards for its corporate success, economic contributions, and business practices.
2. Abul Khair Steel (AKS)
Abul Khair Steel (AKS), a concern of Abul Khair Group, started its journey in 1993 in Chattogram. Since then, it has been working to provide complete solutions to its clients in the structural steel market. As a result, the company has grown to become the largest multi-diversified steel company in South-East Asia. Its most notable flat steel products are Cow Brand Colour Coated Steel Goru Marka Dhew Tin and Zinkalum.
With its most advanced TMT technology, AKS can produce over 1.4 MT of steel products per year, the second-highest production capacity in the country. It is also the first company to install an Electric Arc Furnace (EAF), which enables 100% refinement of steel and turns them into different products, all in one place. Because of such continuous improvement and innovation, the company got the ISO 9001:2008 certification.
AKS is also committed to taking part in the corporate green movement. In its production process and business practices, the company ensures to not cause a negative impact to the environment. It is working towards gradually increasing the efficiency of its resources, reducing energy consumption and waste production, and encouraging recycling at every stage.
3. Kabir Steel Re-Rolling Mills Ltd. (KSRM)
As a concern of the Kabir Group of Industries, KSRM started its journey in 1984. Since its inception, KSRM has been focusing on providing high-quality products and services to the construction industry of Bangladesh. Incorporating advanced European POMINI technology, the company now has a production capacity of 800,000 MT per year. BSRM, AKS, and KSRM together serve over 50% of Bangladesh’s steel demand.
KSRM produces high-quality rebars, while strictly maintaining the ISO, BS, and ASTM requirements. With 2,500 employees and 500 partners, KSRM has a strong sales network across the 64 districts of the country. Some of its most notable clients include the Bangladesh Government, Padma Multipurpose Bridge Project, Bangladesh Bridge Authority, Bangladesh Power Development Board, Bangladesh Army, Grameenphone, and Radisson Blu.
To support the growth of Bangladesh’s construction industry, KSRM launched an annual award program for future architects in 2019. The company frequently participates in social work as well. Moreover, KSRM is committed to the development of sustainable cities in the future and prioritizes ethics in their business practices.
4. GPH Ispat Ltd.
GPH Ispat Limited was established in 2006 and went public in 2012. Using cutting-edge Quantum Electric Arc Furnaces, Level-2 Automation Systems, and Winlink Technology, the company produces 1m MT of high-quality steel products per year. These products include rebar, billet, rolled finish products, and more.
GPH received ISO 9001:2008, ISO 9001: 2015, 14001, and 45001:2018 certifications for its product quality, Integrated management system (IMS), and sustainable business practices. It prioritizes environment-friendly practices by ensuring investment in sustainable technologies, preserving natural resources, and promoting employees’ well-being.
GPH’s production process does not use underground water; instead, it uses water from the company’s own Water Treatment Plant (WTP) that ensures 100% recycling of used water. The GPH plant was declared an environment-friendly establishment by CUET professors in 2022. In 2021, the company recorded a whopping 454% profit, which is the highest since its inception.
5. Rahim Steel Mills Co. (Pvt) Ltd. (RSM)
RSM was established by Rahim Group in 1983 at Sonargaon. Since its inception, the company has been focusing on understanding and successfully meeting the customers’ needs for steel products. Its customer-centric business model and commitment to quality have positioned RSM as one of the industry leaders today.
The company offers a range of steel types, including carbon steel, silicon steel, alloy steel, stainless steel, manganese steel, aluminum steel, diamond steel, and more. It also sells 40 and 60-grade deformed bars, flat-bar, billet, angles, channels, etc.
RSM has ISO 9001:2015 certified quality management system. It also won several international awards for quality, including The International Arch Award of Europe 2012, the Award of Germanischer Lloyd 2012, The Bizz Winner America 2013 – Business Excellence Certificate, and The Bizz Winner America 2014 – Business Excellence Certificate.
6. Anwar Ispat Ltd.
The 149 years old company, Anwar Group, entered the steel industry of Bangladesh by establishing Anwar Ispat Ltd. in 1978. Anwar Ispat is also the first company to introduce 60-grade steel products in the country. Since its inception, the company has been continuously evolving and redefining the Bangladeshi rebar market.
Anwar Ispat believes in the power of innovation and technology. For the quenching and TMT process, the company adopted state-of-the-art European technology. Moreover, the company uses patented rolling technology. The company also exports a part of its mild steel products to foreign markets. Currently, it has an annual capacity of manufacturing 360,000 MT.
7. PHP Steels Ltd.
As a concern of the PHP Family, PHP Steels Ltd. started its journey in 1999. It is now one of the largest flat steel manufacturers in the country. The company is planning to set up the first-ever integrated steel plant in the country. It will produce finished and semi-finished steel products. PHP group intends to invest BDT 31,600 crores in this project, and to be established on a 500-acre land.
The current production capacity of PHP Steels Ltd. is 250,000 tonnes per year. Its manufacturing procedure is ISO 9001:2008 certified as well. Furthermore, the company exports its products to the foreign market and proudly presents its high-tech and eco-friendly practices. In 2010, by establishing PHP Ispat Limited, the PHP Family started producing 500W TMT bars.
8. Shahriar Steel Mills Ltd. (SSRM)
Since its beginning in 1992, SSRM has been focusing on offering the best quality steel products to its customers. The company offers rebars, TMT bars, billets, square bars, angles, and channels. Its most popular product, the TMT 500W bars, is fire-resistant and has high ductility.
The production capacity of SSRM is about 259,200 to 302,400 tonnes per year. The company has a widespread network all over the country with 553 dealers. Its manufacturing plants ensure to meet national and international standards while also keeping the process eco-friendly. The plant integrated APC (Air Pollution Control) technology as well. SSRM also got ISO 9001:2015 certification for its product quality. In 2020, the company launched awards for future architects as well.
9. Salam Steel Concast Re-Rolling Mills Ltd (SCRM)
SCRM started operations in 1998 with the mission to provide the highest-quality billets to its customers. Now it offers a broad range of excellent quality steel products, including rods, angles, channels, and, of course, billets. To ensure the highest level of quality, SCRM introduced the Universal Testing Machine with 20 channel spectroscope and metallurgical microscope. Its three production units have four testing labs.
While SCRM conforms to BUET and BSTI standards, it also adheres to international standards, including the ISO, US, and UK standards. After meeting the national demand for steel products, the company plans to export rods to seven states in North-East India. It also wants to export steel products to countries like Srilanka, Nepal, and Myanmar. Because of the company’s extraordinary contribution to the steel industry, the company Chairman, Mr. Rezaul Karim, received an award from the Honorable Minister of Commerce, Mr. Tofail Ahmed, in 2017.
10. Ratanpur Steel Re-Rolling Mills Ltd (RSRM)
RSRM was established as a family business in 1986 with the aim of offering quality products and services to customers while strictly following eco-friendly practices for a better future. Its flagship product, X power TMT rods, was employed in building the Zillur Rahman Flyover, Hatirjheel project, Imperial Hospital, and Karnaphuli Bridge.
RSRM generates an annual turnover of over BDT 700 crores. The company produces 255,500 tonnes of steel products every year. Such products include TMT bars, TMT 500W, 40 and 60-grade steel products of dimensions ranging from 8mm to 40mm, etc. RSRM is planning to include channels, angles, and other customized items in its product line soon.
The steel industry of Bangladesh faced several massive hits during the pandemic and the Russia-Ukraine war. But due to the expertise and decades of experience of the industry leaders, the steel industry soon recovered and even started to thrive. They are paving the way towards the global marketplace and proudly representing our country with international quality products and environmentally sustainable high-tech manufacturing processes. By incorporating more innovations, they can take the steel industry and our economy as a whole to a new level.