Nowadays, not only the government but also businesspersons require a lot of deform iron bars after understanding the essential needs of iron and steelware in construction projects across the nation as the emergence of infrastructures depends on iron and steelware.
If the country cuts spending of the State budget on the import of steelware, generally the funds can be spent on other sectors. Hence, businesspersons are allowed under the disciplines for producing steelware at home to meet the demand of construction tasks being undertaken by both the government and the private sectors.
The government plans to resume the operation of steel mills in Myingyan and Pinpet. As such, supervision must be made for the timely completion of the project in respective portions. That is why a sufficient supply of electricity must be fed to steel mills for production at full capacity.
Myanmar possesses iron oar, coal and limestones across the nation to utilize them in the production of steel. If efforts can be made for the production of steelwares to be used in construction projects in States and Regions, the import of steelwares can be cut. Consequently, the regional industries will be booming. As steel and steelwares worth US$995 million were imported in the 2020-21 financial year, it is necessary to increase the production of steel as well as reduce importation.
Products of steel mills must be quality for safely using them at the construction sites. The quantity and quality of products from the respective steel mills must be improved. Modern techniques must be applied in manufacturing the steelware meeting international standard. If so, construction projects at home will rely on locally-made iron and steelware.
On the other hand, the production of quality iron and steelware at home can cut the unacceptable spending of foreign exchange. If the dreams come true, the expenditure for using iron and steelwares can be reduced in construction projects. Moreover, the infrastructures can barely grant durability for set periods. Consequently, the safe infrastructures will come out one after another for the State and the people.
The infrastructures can contribute much to the development of the society with guarantees for living standards of the people as well as the manufacturing arena, including agriculture and livestock, construction, industries, transport, ship-building, and so on. Hence, efforts must be made for the improvement of the industrial sector with the production of steelwares.
In fact, construction tasks and social progress are separable. The infrastructures can contribute much to the development of the society with guarantees for living standards of the people as well as the manufacturing arena, including agriculture and livestock, construction, industries, transport, ship-building, and so on. Hence, efforts must be made for the improvement of the industrial sector with the production of steelwares.
