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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
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Post by ztransforms173on Nov 11, 2024 9:42am
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Post# 36306365

CC: EAF CAPEX ON TARGET: SPENT @ 9/30/2024: $ 672 Million

CC: EAF CAPEX ON TARGET: SPENT @ 9/30/2024: $ 672 Million EAF: Electric Arc Furnace

- 2 Danieli EAFs being BUILT at the Algoma steel complex with TOTAL STEEL-MAKING CAPACITY of 3,000,000 tonnes per year

- EAF 'PROJECTED' BUDGET : $870 Million

- 90% of EAF BUDGET is FIXED PRICE CONTRACTS and the rest of the 10% is a FUNCTIONAL VARIABLE of TIME and MATERIAL INPUT EXPENSES

- 500+ CONTRACTORS WORKING  on SITE

- FIRST EAF steel PRODUCTION by March 31, 2025

z173

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