The People’s Republic of China - the world’s second largest economy - is experiencing a rapid modernization of its economy. As a result, China’s steel industry relies only on the best quality steel billets for this modernization, and our entry into the Chinese steel industry market is a true reflection of our quality.
In October 2020, GPH Ispat exported 25,000 metric tons of MS Billet to the People’s Republic of China - the first-time bulk cargo from Bangladesh and the biggest shipment in the history of Bangladesh in terms of value as well as quantity. Later, in 2020-21, four consignments of a total 86,378 metric tons were exported to China.
Not only China, GPH Ispat has already penetrated the market of Singapore and India
with a substantial amount of rebars and billets exported over the year. It was the acceptance of our product in these countries that gave us the impetus to export to China!
The achievement has given us the confidence to strive for greater export earnings in the near future. With favourable government policies similar to other export-oriented sectors, the number of outgoing billet shipments can be increased manifold, which will generate a healthy revenue stream for the national economy.