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Algoma Steel Group Ord Shs T.ASTL

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

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 > Q4/2022 EBIDTA & Production DOWNDRAFT !!!
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Comment by Stocker46on Mar 26, 2022 11:09am
216 Views
Post# 34548119

RE:RE:RE:RE:RE:RE:Q4/2022 EBIDTA & Production DOWNDRAFT !!!

RE:RE:RE:RE:RE:RE:Q4/2022 EBIDTA & Production DOWNDRAFT !!!I'm aware that a number of companies (for financial reporting purposes) use different quarter ends and skewed year ends. Algoma is the first I've seen where their 2nd Q is the 1st Q of the following year .. seems a little extreme.

With respect to Steel futures, 1st Q prices were considerably lower than the record  highs of 2021. While global factors suggest that prices may trend higher in 2nd Q 2022, there is no sign yet that it will happen .. and while they may improve versus 1st Q, they're unlikely to come close to 2021 prices.



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