Moroccan steelmaker Sonasid <SOND.CS> promised to forge ahead with a cost cutting programme this year, seeking to keep up with rivals who stepped up production and cope with higher raw material ...

Moroccan steel maker Sonasid reported a 54 million dirhams net loss for 2010 after higher input costs and a supply glut eroded its margins amid a drop in domestic demand.

Sonasid is listed on the Casablanca stock exchange, with market capitalization on 30 May 2006 close to MAD 7.3 billion. About Societe Nationale d'Investissement . Founded in 1966, ...