S. S. Steel Limited announced that it has made a strategic decision to acquire the fixed assets of both Super Steel Limited and Peninsula Steel Mills Limited, located at Shitakund, Kadamrasul, Chattogram. The fixed assets include Land (164.00 Decimal), Steel Structure Shed, Building, Capital Machinery, and Utility Connection, with a total estimated value of BDT 1,300 million. This acquisition is part of company's commitment to enhancing production capacity, and it will result in an additional yearly capacity of 62,400 Metric Tons.

With this expansion, the accumulated yearly capacity is expected to reach approximately 442,800 Metric Tons. The anticipated increase in production capacity aligns with the company's growth strategy and is projected to contribute significantly to the company's revenue.