Dhaka, May 19 -- Claiming that Bangladesh's steel sector is now in the intensive care unit (ICU)), industry leaders on Tuesday strongly demanded that the government refrain from raising electricity tariffs further to prevent the widespread shutdown of manufacturing plants.

They warned that if power prices are raised under the current circumstances, factories will have no choice but to slash production, with several facing imminent partial or complete closures.

The demand was raised at a press conference organised by the Bangladesh Steel Manufacturers Association (BSMA) at the Economic Reporters' Forum (ERF) auditorium in the capital.

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