Sonasid on the Rise: BKGR Upgrades to Buy as Sidérurgist Eyes 2030 Growth Surge

BMCE Capital Global Research has upgraded Sonasid to a 'Buy' rating, citing a transformative strategic shift that positions the Moroccan sidérurgist for sustained growth through 2030. With sales volumes up 17%, margins rebounding to nearly 10%, and a MAD 1.5 billion investment programme ahead, Sonasid is targeting EBITDA near MAD 1 billion by 2030 — driven by higher-value segments like pre-stressed steel, automotive-grade steel, and metal recycling.

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