22
Jul
10:53
Sonasid issues new profit warning for first half-year
Sonasid, the largest Moroccan steelmaker and long products supplier, has issued a profit warning in relation to its results for the first half of this year, Kallanish notes.
After it recorded a -33% year-on-year fall in revenue in the first quarter, it is anticipating H1 revenue to drop -34% y-o-y, confirming that a recovery did not materialise during Q2.
The company says the coronavirus has strongly impacted the construction sector in Morocco, directly limiting …
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Anonymous
Very good overview of the weekly steel market.
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