Maghreb Steel achieves record returns due to high prices

The transactions of Maghreb Steel amounted to MAD 2.9 billion in H1 of 2022, an increase of 38% compared to the same period in 2021.

Maghreb Steel announced that the transactions amounted to MAD 1.45 billion in Q2 of 2022, compared to MAD 1.09 billion in Q2 of 2021, explaining that this improvement is the result of the rise in steel prices globally.

According to the same source, the sales volume reached 116,000 tons in Q2 of 2022, compared to 114,000 tons last year, while it amounted to 234,000 tons in the first half of the year, a slight decrease of 2% compared to H1 of 2021.

The investments of the Moroccan Steel Company amounted to MAD 14 million in Q2 of 2022, and were concentrated in maintenance work and production facilities.

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Arab Iron and Steel Union ( AISU ) was established in Algeria in 1971 as the first Arab union of Arab countries to be established under the umbrella of the Council of Economic Unity in the League of Arab States.

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AISU works in the field of preparing studies, organizing courses and holding periodic conferences for the prosperity of the Arab iron and steel industry. The union includes a wide range of companies with multiple activities related to the iron and steel industry.

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