In Morocco, Maghreb Steel struggles to find a strategic partner as its losses grow
The Kingdom’s second-largest steelworks is structurally loss-making, facing high production costs and an inability to compete with imported flat products.
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▪ In Morocco, Maghreb Steel struggles to find a strategic partner as its losses grow
▪ The Kingdom’s second-largest steelworks is structurally loss-making, facing high production costs and an inability to compete with imported flat products.
▪ https://www.africabusinessplus.com/en/804341/au-maroc-maghreb-steel-peine-a-trouver-un-partenaire-strategique-et-creuse-ses-pertes/
According to the company’s management team based in Tit Mellil, 20 km (approx. 12 miles) from Casablanca, shareholders and lenders continue to support a memorandum of understanding signed in 2015, “pending the outcome of negotiations in the continuing search for a new [strategic] partner”.
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04/05/2023 at 17h45, by Africa Business+, updated 05/05/2023
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