03
Jun
11:30
Morocco's Sonasid calculates impact of coronavirus
Sonasid, the largest Moroccan steelmaker and a long products specialist, has seen its revenues fall by over 33% y-o-y in Q1 as a result of the coronavirus emergency, Kallanish learns from the company.
Overall the group’s sales reached MAD 630 million ($65m), against the MAD 950m posted in Q1 2019. The slump in revenues was mainly a consequence of the 25% drop in overall volumes sold, the company confirmed. In addition to that, Sonasid mentioned the…
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Anonymous
Very good overview of the weekly steel market.
Anonymous