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Algoma Steel Group Ord Shs T.ASTL

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

Algoma Steel Group Inc. is a Canada-based integrated producer of hot and cold rolled steel products including sheet and plate. The Company delivers responsive, customer-driven product solutions for applications in the automotive, construction, energy, defense, and manufacturing sectors. It is a key supplier of steel products to customers in North America and is the producer of discrete plate products in Canada. Its plate products include AR225, Heat Treated Plate, AlgoLaser, AlgoGrip and The Heavies. Its sheet 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 Nov 12, 2021 4:15pm
376 Views
Post# 34121544

RE:RE:RE:RE:Earnings

RE:RE:RE:RE:EarningsRead their MD&A and listened to the CC.
A question regarding the share count was asked.

Still a lttle confusing but (if I'm interpreting correctly) the count will be the 112 M .. when the dust settles. (not positive whether the 10M PIPE shares should be added as well)

I assume they'll use 3rd Q cash generated plus some of the cash generated in 4th Q to pay off their secured loans (about $457 M).
Assuming they generate similar cash as in 4rd Q they should be in good shape at the end of the year:
- basically no debt
- about $260 M in cash 
- an untouched line of credit for $250 M US
- & up to $420 M in loans available from the Government for construction of 2  EAFs.



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