Bangladeshi conglomerate Bashundhara Group has decided to build a large steelmaking furnace that will boost the country's demand for imports of scrap steel over the coming years, sources have told Fastmarkets.
Bashundhara will start work in January 2021 on a three-factory steelmaking complex to be located in a new economic zone in Mirsarai, Chattogram, according to a Bangladeshi steelmaker source.Fastmarkets understands that Bashundhara has signed a contract with a major European equipment...