Algoma Steel Provides Guidance for the Quarter Ended December 31, 2024
Algoma Steel Group Inc. (ASTL)
Company Research
Source: GlobeNewswire
SAULT STE. MARIE, Ontario, Jan. 02, 2025 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, today provided guidance for its quarter ended December 31, 2024. Unless otherwise specified, all amounts are in Canadian dollars. Total steel shipments for the quarter are expected to be in the range of 545,000 to 550,000 tons and Adjusted EBITDA is expected to be in the range of ($55) million to ($65) million. Michael Garcia, Chief Executive Officer of Algoma, commented, "Despite market headwinds, our results for the quarter demonstrated solid operational execution, particularly in our plate business where production continued on its upward trajectory. While macroeconomic uncertainties persist in the steel sector, we remain positioned to capitalize on improving fundamentals as conditions normalize." "The Electric Arc Furnace project reached a major milestone i
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ASTL
Earnings
- 11/6/24 - Miss
ASTL
Sec Filings
- 1/3/25 - Form 6-K
- 12/4/24 - Form 6-K
- 11/8/24 - Form SC
- ASTL's page on the SEC website