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Bullboard - Stock Discussion Forum Algoma Steel Group Inc. T.ASTL

Alternate Symbol(s):  ASTL | T.ASTL.W | ASTLW

Algoma Steel Group Inc is a Canadian company that produces clean and consistent light gauge steel in North America, offering a range of hot and cold rolled steel sheet and plate products. The firm operates in a single segment of basic steel production. Geographically it serves Canada, the United States and the rest of the world, whilst driving key revenue from domestic sales. Substantial revenue is generated from the sale of Steel sheets and strips.

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New Press Release - Algoma Steel Distributes Over $150 Million in Employee Profit Sharing Program

SAULT STE. MARIE, Ontario, June 23, 2022 (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 fiscal 2022 returned $150.7 million in total profit share...read article.
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RE:RE:SURPRISED ! SIB Auction Prices Are > USD 8.75 & < USD 10.25

Can't see many investors willing to sell at less than $10 US .. but who knows in this uncertain market. Obviously Algoma will want to buy low & share holders will want to sell high...read more

RE:SURPRISED ! SIB Auction Prices Are > USD 8.75 & < USD 10.25

Let us NOT FORGET that the VAST MAJORITY of these TENDERED SIB AUCTION shares will be HELD by SOPHISTICATED INSTITUTIONAL INVESTORS {principally the EARNOUT shares???} who are VERY GOOD at PROCESSING...read more

RE:SURPRISED ! SIB Auction Prices Are > USD 8.75 & < USD 10.25

Guess it just depends on how badly they want to repurchase the shares.  rate and reply

SURPRISED ! SIB Auction Prices Are > USD 8.75 & < USD 10.25

They are REALLY CUTTING IT THIN !!!???!!! IPCO did the SAME thing and they were FORCED to RAISE AUCTION PRICE RANGE !!! I was 'EXPECTING' more like BETWEEN USD 10 and USD 12 per ASTL share !...read more

SIB

The bid will be in a range of $11.33 to $13.28 Canadian dollars. Last traed $12.44 Cdn. Consensus price targets by analysts is $17.00/  rate and reply

New Press Release - Algoma Steel Announces Commencement of US$400 Million Substantial Issuer Bid

SAULT STE. MARIE, Ontario, June 21, 2022 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or the “Corporation”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, today announced it is commencing its previously announced substantial...read article.

ASTL grapples with fallout from St. Mary’s River oil spill

https://themarketherald.ca/algoma-steel-provides-community-update-regarding-spill-2-2022-06-17/  rate and reply

Maybe a Little Less on The Buybacks

And a little more on the oil spill cleanup   rate and reply

New Press Release - Algoma Steel Provides Community Update Regarding Spill

SAULT STE. MARIE, Ontario, June 17, 2022 (GLOBE NEWSWIRE) -- Today Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), provided the following update to the community and neighbouring stakeholders regarding the June 9th accidental release of lubricant oil into the St...read article.

BMO: VERY CHEAP, OUTPERFORM & A PT Of $ 18.00/Share !!!

Algoma Steel Group Outperform Rating Reiterated at BMO Capital Markets Following Fiscal Q4 Results 16 Jun 2022     11:14 ET   11:14 AM EDT, 06...read more

RE:RE:CC: INFLATION: Looking At A C$ 100 per Ton INCREASE In NEW..

EAF steel making is STILL TWO (2) years AWAY !!!???!!! This means TWO MORE annual coal contracts including the present RENEWAL of C$ 100 per ton HIGHER !!! PLATE steel prices are at a C$ 650 per ton...read more

RE:CC: INFLATION: Looking At A C$ 100 per Ton INCREASE In NEW..

But as theIr EAF furnaces come online, the need for coal will be reduced. And the pic of hot rolled steel is near record high levels.  rate and reply

CC: INFLATION: Looking At A C$ 100 per Ton INCREASE In NEW..

...COAL CONTRACT RENEWAL PRICING !!! ASTL used ROUGHLY 1,200,000 tons of COAL in FY 2022 !!!???!!! That means that the COST of coal will be ~ C$ 120 million higher in FY 2023 if they produce the...read more

CC: EAF Capital Project Is ON TRACK and ON BUDGET So Far !!!

EAF CAPEX: C $ 700 million 8 to 9 % ALREADY SPENT in Q4/2022 !!! 50 to 60 % will be EXPENSED in FY 2023 {April 1, 2022 to March 31, 2023} !!! 60 to 65% of EAF CAPEX has been FIXED PRICE CONTRACTED...read more

CC: BIG News: $220M CIB Loan Is GETTING DISQUALIFIED Due To

...SUBSTANTIAL RETURN TO CAPITAL to ASTL shareholders !!! CIB = Canada Infrastructure Bank So the CIB uses the 1/3 NEGATION formula !!! Shareholders returns ABOVE $ 660 million will mean that...read more

Remember, BK CREDITORS Got MOST Of the 35+M EARNOUT Shares !

I 'IMAGINE' that these BONDHOLDERS etc. will be EAGER to PARTICIPATE in the SIB AUCTION and MONETIZE their PREVIOUS BOND HOLDINGS !!!???!!! So they are going to SHARPEN THEIR PENCILS and TRY...read more

RE:RE:MyPrediction: SIB SP Will RANGE Between USD 10 and 12 ???

That was 'ASSUMING' that the share price was the CLOSE of USD 7.90 !!! Of course, ASTL shareholders will SUBMIT SIB OFFERS MUCH HIGHER than that !!!???!!! So the management was INDEED...read more

Hey, Algoma JUMP !!!

ASTL(ALGOMA STEEL GROUP)   Real-time $9.60 Bid: $9.60 Ask: $9.63 ...read more

RE:MyPrediction: SIB SP Will RANGE Between USD 10 and 12 ???

I think you're generally on the right track that a very large portion of the shares outstanding will be wiped out with the SIB, but as the price moves up, the # of shares bought will obviously...read more