CHATTOGRAM: The war between Russia and Ukraine is a prime reason behind the price hike of rods used for construction as the supply chain of raw materials is heavily disrupted due to the war.
GPH Group Chairman and Managing Director Mohammed Jahangir Alam made the remark at a view-exchange meeting with senior journalists at the GPH Ispat Limited office at Sitakunda today (Wednesday).
He said, "The price of scrap iron was US$300 per metric tonne (MT) in 2020 and the price is now $700. Besides, the cost of production of quality iron rods has increased recently."
Mr Alam also said, "The GPH Ispat is using the German technology, which is first in Asia and the second in the world. GPH ensures the highest quality of products and the mill is able to produce up to class 3 grade products which ensure up to 790 MPA by quenching and class 4 grade products which ensure a maximum of 980 MPA by micro alloying."
"Besides, GPH has installed a plant related to intelligent future of metal production, which anticipates the future needs and challenges in the market. This plant is able to produce a wide range of products apart from MS Billet and Rod/Re-bars of various sizes. MS Channel, Angle, I-Beam, H-Beam, IPE, IPN, Flat bar etc. would be produced in the same production unit," he added.
Addressing the meeting, Additional Managing Director of GPH Almas Shimul said, "GPH Air Separation Plant at Sitakunda in Chattogram is producing oxygen from air as a by-product of the main productions, including billet, rods etc. We are producing 220 MT of gaseous oxygen and 22 to 25 MT of liquid oxygen at the plant now."
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