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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

Post by lifeisgood1010on Jan 30, 2023 11:24am
211 Views
Post# 35254024

Hot roll steel price up again

Hot roll steel price up againSteel price are continuing their upward movement.I wonder how much is the China
reopening VS North america upbeat demand outlook from major US producers.

Maybe a combination of both.

So far this morning,the March and April contracts are up at $800 in a bad tape.

In any event, trading at less than 75% of book and with a clean balance sheet and with
Q1 steel outlook looking much better than Q4,i'm confident staying invested in  my low valued steel stocks.
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