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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 > Algoma & Stelco are a "STEEL"
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Comment by Stocker46on May 03, 2022 11:23am
182 Views
Post# 34651169

RE:RE:Algoma & Stelco are a "STEEL"

RE:RE:Algoma & Stelco are a "STEEL"Gotta love the "expert" analysts. Based on TD WebBrokers EPS estimate for Algoma, they will actually make more (in total dollars) than Stelco (in the upcoming Q). That obviously won't happen.
I suspect they've never adjusted Algoma's outstanding share count.

Regardless, Algoma's Price/Earnings ratio is currently at 1.9. You can't get much lower. Even a lowly 3.0 equats to a $19.40 share price.

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