Next steps
Industry Association Watch
Source: BDPolicyLab Watch record and cited public sourcesAs of 2026-07-05
The BSMA is facing an existential crisis due to high production costs from energy price hikes and currency depreciation, combined with a slump in construction sector demand.
BSMA leaders met with the National Board of Revenue to demand reductions in income tax, customs duties, and VAT for the FY2026-27 budget.
BSMA leaders presented an eight-point charter of demands to the government opposing electricity tariff hikes and capacity charges.
The BSMA held a press conference at the National Press Club to protest a power tariff hike and demand its immediate withdrawal.
The BSMA issued a formal reaction to the national budget, warning that new tax and duty hikes threaten the survival of the steel industry.
Mohammad Jahangir Alam (CIP), Chairman of GPH Group and MD of GPH Ispat, elected President and Dr Suman Chowdhury Secretary General at the 11th AGM, reported 14 Nov 2023 for the 2023-24 and 2024-25 council. He remained the named BSMA President in FY27 pre-budget coverage (Apr 2026); unofficial LinkedIn posts in late 2025 referred to a 2025-2026/2026-2027 term but no news source confirmed a fresh election, so president_since reflects the verified 2023 election date. Founding year and member count not confirmed from a primary source, left null.
Source: 3 primary source linksAs of 2026-07-05