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Algoma Steel Group Ord Shs T.ASTL

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

Steel Steel Materials
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

Algoma Steel Group Ord Shs > Earnings
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Comment by Stocker46on Nov 17, 2021 1:36pm
350 Views
Post# 34137128

RE:RE:RE:RE:RE:RE:RE:Earnings

RE:RE:RE:RE:RE:RE:RE:EarningsBaffling for sure.
When the TXM site finally gets around to updating their Key Data numbers for Algoma, the current price/earnings ratio of 8.3 (based on yesterday's close) will likely drop to 2 or 3.

Stelco has the same problem. After a couple of days with nice gains, they've dropped close to $3.
There current 12 month trailing EPS is $12.62 .. dropping their Price/Earnings ratio from 11.6 (pre 3rd Q) to about 3.5.

Current trading makes no sense !

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