The facility will manufacture wire rod as an import substitute, helping Bangladesh to save around USD 250 million. It will also reduce the production cost per tonne of steel through the use of environment-friendly technology.
Mar 17, 2025
Bashundhara Multi Steel Industries (BMSIL) has announced that the world’s largest single-strand mini mill, being established at the National Special Economic Zone in Mirsarai of Chattogram, would start production by mid-2026.
As per the leading steel manufacturers from Bangladesh, this was the first earthquake-resistant, integrated steel facility in the country to manufacture long steel products, such as rebar coil and wire rods, using environmentally-friendly technology.
In January 2021, the steel major had ordered an endless-casting rolling mini mill from Danieli, Italy-based leading global supplier of equipment and plants for the metals industry.
With the biggest MIDA (mini-mill Danieli) plant currently functional across the globe, the company said it intended to produce 1.25 million TPA different types of world-class long steel products, including the country’s largest length rebar in coil, square bar, an import substitute of wire rod, Low Relaxation Pre-Stressed Concrete Steel Strands (LRPC) and electrodes.
An official of BMSIL revealed that 50 percent construction has been completed at the site, spread across 70 acres in Chattogram.
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He said the adoption of energy-efficient technology from Danieli in the endless casting and rolling process would reduce the production cost per tonne of steel by approximately USD 24.71 (Tk 3,000), adding that the manufacturing of wire rod as an import substitute would help Bangladesh to save around USD 250 million (Tk 3,000 crore) in foreign currency.
The plant would incorporate the most updated technology of “Micromill,” a mini mill based on ultra-compact design and extremely low transformation costs, he added.
