The National Steel Company (Sonasid) Morocco announced, for the first half of 2024, an 11% drop in its net social income compared to the first half of 2023.

Le chiffre d' affaire de la Sonasid is down by 4% compared to the same period in 2023, under the effect of the downward trend in prices on the international market, amounting to MAD 2,386 million at the end of June 2024 against MAD 2,478 million at the end of June 2023. Operating income was MAD 52 million, down by MAD 22 million compared to the end of June 2023. La direction de la Sonasid announced that “the magnitude of the drop in net income was contained at this level thanks to the good performance of the financial result, which appreciated by MAD 13 million under the effect of the improvement in the balance sheet of exchange gains and losses and the contribution of dividends from the Longometal Aratures subsidiary”. According to company officials on the company's prospects, “during the second half of 2024, the Sonasid Group should benefit from the growth prospects of the construction sector in Morocco and remains committed to promoting a sustainable economic model, through the launch of innovative products and services, through the launch of innovative products and services and the strengthening of its regional leadership in the production of steel in ; low carbon footprint”.