At a glance
Sonasid makes steel for construction, rebar and wire rod, from recycled scrap melted at its Jorf Lasfar steelworks and rolled at Nador and Jorf Lasfar. Its business tracks construction and major infrastructure projects.
History
The state created Société nationale de sidérurgie in 1974. It was privatised in 1997, when the ONA group took control. In 2006 SNI (now Al Mada) and ArcelorMittal set up Nouvelles Sidérurgies Industrielles, which holds a majority of the capital.
Latest published results
In the first half of 2026, consolidated revenue was stable at MAD 3.05 billion, after a weather-hit start to the year followed by a second quarter up 12%. Consolidated EBITDA rose 30% to MAD 329 million, and net income attributable to the group rose 72% to MAD 167 million, thanks to higher volumes and higher value-added products.
What to watch
The MAD 514 million investment programme planned for 2026, including a new furnace at Nador, and the target of MAD 1 billion in EBITDA by 2030.
Key dates
- 1974
The state creates Société nationale de sidérurgie.
- 1997
Privatisation: the ONA group takes control.
- 2006
SNI and ArcelorMittal create Nouvelles Sidérurgies Industrielles, the majority shareholder.
- 2026
Investment plan targeting MAD 1 billion of EBITDA by 2030; half-year profit up 72%.
Sources: Boursenews, Sonasid : résultats du premier semestre 2026, September 18, 2026; Wikipedia, Sonasid; Médias24, Sonasid : 1 MMDH d'EBITDA visé à horizon 2030, April 7, 2026.
Profile updated on October 29, 2026.