S.S. Steel Ltd
DDSE:SSSTEEL5.30
BDT
+0.10
(+1.92%)
S.S. Steel Ltd
DSE:SSSTEEL
(Dhaka Stock Exchange)
Recent
price
5.30
P/E
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yld
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in mil. unless spec.- Similar Companies
- Business
- S.S. Steel Limited is a Bangladesh-based manufacturer and distributor of steel and structural metal products. The company primarily engages in the production, re-rolling, and marketing of mild steel billets and deformed bars utilized across civil engineering, government infrastructure, commercial, industrial, and residential construction projects. Its core product portfolio comprises high-strength MS deformed rebars, including Grade 500W (TMT 500D), Grade 400W (Grade 60), and Grade 40 steel bars; semi-finished continuous cast mild steel (MS) billets; plain round bars and de-bars; structural steel sections, including MS angles, MS channels, flat bars, and square bars; as well as customized steel fabrication and re-rolling services. The company markets its products under the S.S. Steel brand name and operates manufacturing facilities equipped with induction melting furnaces, continuous casting machines, and automated rolling mills in Tongi, Gazipur, serving real estate developers, institutional builders, government engineering bodies, and retail distributors throughout Bangladesh. In recent corporate developments, S.S. Steel Limited has pursued an aggressive inorganic expansion strategy to increase production capacity and strengthen its domestic market share. The company acquired a 99% controlling equity stake in Saleh Steel Industries Ltd. to expand re-rolling output, and secured controlling interests in Al-Falah Steel & Re-Rolling Mills Limited and Peninsula Steel Mills Ltd. to scale billet casting and rod manufacturing operations. S.S. Steel also executed strategic capital investments in the operational assets of Super Star Steel Mills Ltd. to augment regional supply capabilities. Operationally, the company has undertaken modernization programs across its melting and rolling lines, integrating higher-capacity induction furnaces and automated cooling systems to enhance energy efficiency and meet surging domestic steel demand for major national infrastructure projects. S.S. Steel Limited was incorporated in 2001 and is headquartered in Dhaka, Bangladesh.