Dhaka, Aug. 27 -- The country's ship breaking industry is now in a big trouble, which hampered construction sector heavily.

The entrepreneurs of the industry are failing to import scrap ships due to complications in opening letter of credit (LC), despite having huge demand for it, the sector insiders said.

They said along with rise in prices of scrap and chemicals, the main raw materials of steel, container and ship fare also increased in the last two years, resulted the production cost of rod has also gone up, having adverse impact on the country's construction sector.

The imported scraps are used in steel mills to produce billet or iron sheet. The billets are used to make MS products including rods and angles. The demand for MS produ...