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Algoma Steel Group Ord Shs T.ASTL

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

Algoma Steel Group Inc. (Algoma) is a Canada-based integrated producer of hot and cold rolled steel products including sheet and plate. The Company delivers customer-driven product solutions to applications in the automotive, construction, energy, defense, and manufacturing sectors. The Company is a key supplier of steel products to customers in North America and is the only producer of discrete plate products in Canada. Its plate products include AR225, Heat Treated Plate, AlgoLaser, AlgoGrip and The Heavies. Its plate products include Hot Rolled Sheet - DSPC, Hot Rolled Sheet - 106'' Mill, AR200, Cold Rolled and Floor Plate. The Company has a raw steel production capacity of an estimated 2.8 million tons per year. Its Direct Strip Production Complex is a thin slab caster coupled with direct hot rolling in North America. In addition, its heat-treated plate facility provides a full range of heat-treated products for abrasion resistant, ballistic and other specialty plate applications.


TSX:ASTL - Post by User

Comment by Stocker46on Sep 29, 2022 10:53am
263 Views
Post# 34994799

RE:RE:Current Quarter Guidance

RE:RE:Current Quarter GuidanceI also, thought the negatives were already baked into the SP ... but when your net earnings drop by 80-90 %, it's a whole different ball game.

As for analyst targets, they are almost always significantly higher than the current SP. It's like they simply adjust them up or down depending on which way the wind blows.

Sold my shares yesterday at an average of $9.21 Cdn. & it's already struggling to stay above $9.
I'll be watching closely with hopes of getting back in at the appropriate time.




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