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 > SIB: 41,025,641 ASTL Shares @ USD 9.75 !!!

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Comment by Puma1backon Jul 30, 2022 9:56am

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Post# 34862052

RE:RE:RE:SIB: 41,025,641 ASTL Shares @ USD 9.75 !!!

Yeah, this looks like it might weigh heavily on the shares. The Union felt the offer didn't even deserve a foor vote. Mgmt seemed to suggest they had already stretched the package so who knows.

August can be a nice month in the Soo- maybe they just want some time off to enjoy.