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Stock impact report

Algoma Steel Group Reports Fiscal Second Quarter 2025 Financial Results

Algoma Steel Group Inc. (ASTL) 
Company Research Source: GlobeNewswire
Second Quarter Results In-Line with Previously Announced Expectations Transformative Electric Arc Furnace (EAF) Commissioning Activities Expected to Start on Schedule During the Fourth Quarter of Calendar 2024; Substantially all of Expected Project Budget Now Fully Contracted Change in Fiscal Year end from March 31 to December 31, beginning December 31, 2024 SAULT STE. MARIE, Ontario, Nov. 06, 2024 (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 announced results for its fiscal second quarter ended September 30, 2024. Unless otherwise specified, all amounts are in Canadian dollars. Business Highlights and Fiscal 2025 to Fiscal 2024 Second Quarter Comparisons Consolidated revenue of $600.3 million, compared to $732.6 million in the prior-year quarter, mainly attributable to lower steel shipments and realized prices.Consolidated loss from o Show less Read more
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