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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 rationalexuberanceon Jun 15, 2022 9:25am
174 Views
Post# 34757644

RE:MyPrediction: SIB SP Will RANGE Between USD 10 and 12 ???

RE:MyPrediction: SIB SP Will RANGE Between USD 10 and 12 ???I think you're generally on the right track that a very large portion of the shares outstanding will be wiped out with the SIB, but as the price moves up, the # of shares bought will obviously decrease, so not sure that management was right when they said "30%"......could be 10-20% instead, which is still significant. 

What a great stock, can't believe Bay Street has ignored this one.
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