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.
11/05/2020 at 16h22, by Africa Business+
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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