Bangladesh’s steel manufacturers yesterday urged the government not to raise electricity tariffs further, saying higher energy costs could deepen the sector’s crisis by triggering production cuts, financial losses and possible factory closures.
Industry leaders say mills running at 40% capacity amid rising utility prices, falling demand
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Star Business Report
Bangladesh’s steel manufacturers warn that rising electricity and gas costs are squeezing profits, forcing mills to operate at below capacity and threatening further production cuts, investment slowdown and factory closures. PHOTO: Star/file
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