26
Nov
07:06
Bangladesh's SS Steel eyes $2.33m capacity expansion
Bangladesh’s SS Steel aims to invest BDT 20 crore ($2.33 million) into purchasing land, building and capital machinery for business expansion, Kallanish notes. The company is eyeing doubling its steelmaking capacity, with expansion to start in 2022.
The company plans to utilise bonus shares declared out of accumulated profit, as capital for business expansion. It says: “Bonus shares are not declared from the capital reserve or revaluation reserve. They…
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Anonymous
Very good overview of the weekly steel market.
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