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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 > Trevor Rose's Insights - Don't Buy
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Comment by ztransforms173on Sep 19, 2024 11:47am
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Post# 36231117

RE:Trevor Rose's Insights - Don't Buy

RE:Trevor Rose's Insights - Don't Buy- I STRONGLY DISAGREE with this guy

- ASTL is NOT FAIRLY LEVERED

* the 2029 9.125 % Senior Secured Second-Lien USD 350 million Notes were USED to have a CASH CUSHION (ALMOST $ 500 million at June 30, 2024} in CASE of DECLINING HRC prices and COST OVERRUNS in the EAF BUILDOUT

- when the TWO (2) EAFs come ONLINE FULLY in 2025/2026, Algoma Steel will have 1000+ WORKERS (about 1/3 of the WORKFORCE} LESS EMPLOYED in the STEEL PRODUCTION

* this will DRAMATICALLY INCREASE OPERATING MARGINS

- there is a STRONG PROBABILITY that ASTL will be ACQUIRED as SOON as the EAF CONSTRUCTION is COMPLETED and OPERATING SMOOTHLY and HRC prices are in a POSITIVE DIRECTION

z173
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