Maghreb Steel achieved a revenue of over 2.55 billion dirhams (MMDH) by the end of June 2024, up from 2.43 billion dirhams in the same period the previous year. In the second quarter alone, revenue increased by 5% to 1.28 billion dirhams, according to a statement from Maghreb Steel.
This growth was driven by a significant improvement in sales volumes, both in the domestic market and in exports. The company reported a 15% increase in sales volumes, reaching 255,000 tonnes (T) in the first half of 2024, with a 19% increase to 130,000 T in the second quarter alone.
Regarding investments, Maghreb Steel allocated 37 million dirhams in Q2 2024, primarily focused on the maintenance of production facilities.
