Maghreb Steel, the top flat steel producer in Morocco, has reported a 5pct YoY growth in revenue, driven by a rise in domestic sales.
In the first quarter of 2024, the company’s sales revenue reached MHD 1.271 bln (USD 126 mln), marking a slight increase from MHD 1.206 bln recorded in the corresponding quarter of the previous year.
Maghreb Steel also saw a 12pct YoY increase in sales volume, with 125,000 tons sold in Q1 2024.
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 = 10 MHD
