9,321.64 TRY BIST 100 BIST 100
38.18 USD USD USD
5.27 CNY CNY CNY
44.06 EUR EUR EUR
0.12 CNY CNY/EUR CNY/EUR
45.84 TRY Interest Interest
66.96 USD Fossil Oil Fossil Oil
40.44 USD Silver Silver
4.76 USD Copper Copper
99.35 USD Iron Ore Iron Ore
352.00 USD Shipbreaking Scrap Shipbreaking Scrap
4,286.58 TRY Gold (gr) Gold (gr)

Maghreb Steel reports 5% revenue growth in H1 2024 performance

Maghreb Steel, Morocco’s premier flat steel producer, has reported a robust performance in the first half of 2024.

Maghreb Steel reports 5% revenue growth in H1 2024 performance

Maghreb Steel, Morocco's leading producer of flat steel products, has announced a strong financial performance for the first half of 2024. The company recorded a 5% increase in revenue year-over-year, reaching MHD 2.55 billion (approximately USD 260 million), compared to MHD 2.43 billion during the same period in 2023. This uptick is attributed to a notable rise in both domestic and international sales.

The sales volume for Maghreb Steel surged by 15% from the previous year, totaling 255,000 tons in the first half of 2024. Particularly remarkable was the second quarter, which saw a 19% boost in sales volume, reaching 130,000 tons.

As Morocco's sole flat steel manufacturer, Maghreb Steel operates with an impressive annual production capacity of 1 million tons. The company's product range includes hot rolled, cold rolled, galvanized, and prepainted coils and sheets, reflecting its extensive manufacturing capabilities.

This performance highlights Maghreb Steel's significant impact on the steel industry, underscoring its critical role in both the Moroccan market and the global steel sector.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

TCC Steel received a gold rating in sustainability

Tuesday, April 22, 2025

Mexico continues negotiations with US for tariff exemption on steel and auto exports

Tuesday, April 22, 2025

Minister Bolat: Tariff negotiations with the US will be conducted constructively and with mutual understanding

Tuesday, April 22, 2025

Weekly decline in US crude steel production

Tuesday, April 22, 2025

EIA approval granted for Özyaşar Tel's SPP project

Tuesday, April 22, 2025
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now