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.

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Algoma Steel Group Ord Shs > Share repurchases

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Comment by lifeisgood1010on Jan 09, 2023 12:09pm

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Post# 35211296

RE:Share repurchases

If my calculations are correct, there are 4,034,227 share still available undre the current NCIB.

So yes once completed, the outstanding shares will be close to 100 million.

Quite amazing and the company as ZERO LT DEBT.

When the next up cycle in steel prices starts, this company will generate huge EPS.

When will the next up cycle begin,i have no idee but it will happen.

Just bought 1/10 of the position i want in this company.

Will be building over time.

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