Bangladesh steel industry seeks government support

The Bangladesh steel daily, reported on May 19th that Bangladesh steelmakers called on the government to provide 30 billion Taka low interest capital to compensate for the loss of the new coronavirus epidemic. The Bangladeshi Iron and Steel Manufacturers Association said the industry faced a loss of Taka 30 billion between March and April, but manufacturers had to pay their employees and bear other expenses. Up to 90 per cent of the steel industry's raw materials are imported from the United States, Canada, Italy, the United Kingdom and Australia, but they have been partially or completely blocked since early March.

If this continues into December, Bangladesh's steel industry will lose 150 billion Taka. The Bangladeshi steel industry calls on the government of Bangladesh to provide it with a 12-year, six-year grace period of low interest loans, reduce corporate tax from 35% to 10% at present, and cancel the 5% pre paid income tax in the next fiscal year's import phase.

Hot ProductsSee More+

  • Shipbuilding steel pipe

    Shipbuilding steel pipe

    GB T 5312 Carbon and carbon-manganese steel seamless steel tubes and pipes are mainly for ship use, also known as shipbuilding steel pipes. Under GB T 5312, there are mainly 5 steel grades: grade 320, 360, 410, 460 and 490. Each grade covers three levels: I, II, III.

  • Shipbuilding use angle steel

    Shipbuilding use angle steel

    Angle steel, commonly known as angle iron, is a long strip of steel whose sides are perpendicular to each other. There are equal angle steels and unequal angle steels. The two sides of equal angle steel are equal in width. The unequal angle steel is also known as L shape profile steel.

  • Shipbuilding flat bar

    Shipbuilding flat bar

    Flat bar steel can be produced according to the user's needs, with fixed thickness, width and length. It can reduce the cutting process for users, reduce the consumption of labor and materials, and also reduce the processing loss of raw materials.

  • Bulb flat steel for shipbuilding

    Bulb flat steel for shipbuilding

    The bulb flat steel is a kind of medium section material which is mainly used in the field of shipbuilding and bridge building, and the shipbuilding bulb flat steel is an auxiliary medium section material for shipbuilding.

  • FH40 Shipbuilding steel plate

    FH40 Shipbuilding steel plate

    The steel for shipbuilding and oil platform---FH40, is the high tensile strength steel.The shipbuilding steel FH40 is the Hull structural steel.We can provide FH40 shipbuilding steel plate price.

  • EH40 Shipbuilding steel plate

    EH40 Shipbuilding steel plate

    The steel for shipbuilding and oil platform---EH40, is the high tensile strength steel.The shipbuilding steel EH40 is the Hull structural steel.We can provide EH40 shipbuilding steel plate price.

You can contact us through the following ways:

If you are interested in our company or products, welcome to visit our company or local offices; you can also get contact with us through online consulting, demand table submission, e-mails and telephones. Our staff shall wholeheartedly provide product information, application knowledge and good service for you.

  • Address:XICHENG SCIENCE & TECHNOLOGY BUILDING HIGH-TECH DEVELOPMENT ZONE, ZHENGZHOU, CHINA
  • Hotline:0086-371-86151827
  • Fax:    0086-371-86011881
  • E-mail:[email protected]