Maghreb Steel posted a strong performance in the third quarter and the first nine months of 2025, driven by higher sales in the domestic market, which positively impacted revenues and sales volumes.
The company, the sole producer of flat steel in Morocco, announced that its revenues for the period from January to September 2025 increased by 15% year on year to MAD 4.42 billion (approximately USD 480 million), compared with MAD 3.85 billion in the same period of 2024.
In the third quarter of 2025, Maghreb Steel recorded revenues of MAD 1.48 billion, marking a 14% increase compared with the same quarter last year, supported by improved domestic demand.
In terms of sales volumes, deliveries rose by 15% during the first nine months of the year to 445,000 tonnes, up from 387,000 tonnes in the corresponding period of the previous year. Third-quarter sales reached 146,000 tonnes, an increase of 12% compared with the third quarter of 2024.
As part of efforts to support growth in domestic consumption and strengthen its operating capabilities, the Moroccan steelmaker invested around MAD 53 million during the third quarter of 2025.
The company has an annual production capacity of about 1 million tonnes, producing hot-rolled, cold-rolled, galvanized and pre-painted steel coils and sheets.
USD 1 = MAD 9.17
