Morocco’s leading flat steel producer, Maghreb Steel, reported a 5pct YoY revenue growth in H1 2024, driven by increased domestic and export sales.

The company’s sales revenue reached MHD 2.55 bln (USD 260 mln) in the first half of 2024, up from MHD 2.43 bln in the same period last year.

Maghreb Steel also experienced a 15pct YoY increase in sales volume, reaching 255,000 tons in H1 2024. In Q2 2024, sales volume rose by 19pct YoY to 130,000 tons.

Maghreb Steel, the country’s sole flat steel producer with an annual capacity of 1 mln tons, produces hot rolled, cold rolled, galvanized and prepainted coils and sheets.

1 USD = 9.79 MHD