BSRM Steel Limited started commercial production

Daily Star reported that BSRM Steel Limited, Bangladesh's largest steel plant with the yearly producing capacity of 375,000 tonnes, has started commercial operation from June 14th 2008. The new steel plant has been set up in Bangladesh's southeastern port city Chittagong at a cost of around BDT 4.7 billion.

Mr Ali Hussain Akberali chairman of BSRM Group claimed that this is one of the largest steel plants in South Asia, as only TATA and Essar of India have plants exceeding the production capacity of the plant.

Mr Akberali said that the steel rod the plant will produce might get market in Middle East countries. He added that "We will consider exporting the product after meeting demand of local market as it has tremendous potentialities in the Middle East."

The BSRM Group, involved in steel sector since 1930 in the region, has an annual turnover over BDT 9 billion.