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Algoma Steel Group Ord Shs T.ASTL

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

Steel Steel Materials
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

Algoma Steel Group Ord Shs > More Price Increases
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Comment by Stocker46on Mar 11, 2023 7:08pm
233 Views
Post# 35332992

RE:RE:More Price Increases

RE:RE:More Price IncreasesNever thought I'd be buying back in to Algoma & Stelco at these prices ... but Friday provided a little discount.

Higher steel futures are one thing, but when steel companies start increasing their published prices & commenting on order books being filled out quickly, far before normal lead times ... then you know something good is happening.

Hoping there 's just a time lag before earnings start moving higher. US companies like Nucor & Steel Dynamics are already there. Not sure 1st Quarters will be significantly better for Algoma & Stelco but the balance of 2023 should be much better.

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