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Bullboard - Stock Discussion Forum
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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Bullboard (TSX:ASTL)
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•••
Jonathon Brown
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Post by
Jonathon Brown
on Nov 14, 2024 8:03am
Buzz on the Bullboards: TSX hits new high amid holiday optimism and sector disparities
This past week, the TSX reached a new intraday high, reflecting a buoyant market sentiment as investors gear up for the holiday season.
read article.
(326)
•••
1condor
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Comment by
1condor
on Nov 11, 2024 6:45pm
RE:RE:A TRUMP VICTORY Will Be VERY POSITIVE For NA Steel PRODUCERS
This is going to be an interesting company to watch over the next few years. The CEO just recently mentioned that they are looking at cutting the workforce by 1/3 over the next 2 to 3 years as the
...more
(831)
•••
ztransforms173
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Post by
ztransforms173
on Nov 11, 2024 10:02am
Algoma Steel Group IS A PREMIUM HEDGE FUND HOTEL !
- MORE 13G 5+% OWNERSHIP SEC FILINGS ^^^ CUSIP No. 015658107 1. Name of Reporting Person MM Asset Management Inc.
...more
(831)
•••
ztransforms173
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Post by
ztransforms173
on Nov 11, 2024 9:42am
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
...more
(0)
•••
PressRelease
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Post by
PressRelease
on Nov 06, 2024 5:30pm
New Press Release - Algoma Steel Group Reports Fiscal Second Quarter 2025 Financial Results
Second Quarter Results In-Line with Previously Announced ExpectationsTransformative Electric Arc Furnace (EAF) Commissioning Activities Expected to Start on Schedule During the Fourth Quarter of Calendar 2024; Substantially all of Expected Project Budget Now Fully ContractedChange in Fiscal Year...
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(831)
•••
ztransforms173
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Post by
ztransforms173
on Oct 30, 2024 12:02pm
DEPRESSING QUARTER: Q2/2025: 11/6/2024: AFTER Market CLOSE
- will be INTERESTING to HEAR about their BUSINESS INSURANCE CLAIMS ^^^ Algoma Steel to release Q2 results Nov. 6 2024-10-29 18:08 ET - News Release Mr. Michael Moraca reports ALGOMA STEEL TO
...more
(831)
•••
ztransforms173
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Comment by
ztransforms173
on Oct 28, 2024 10:40am
RE:A TRUMP VICTORY Will Be VERY POSITIVE For NA Steel PRODUCERS
better now: - Trump47 will SPUR a MASSIVE INCREASE in INFRASTRUCTURE INVESTMENT and CAPITAL SPENDING which will RESULT in a HUGE APPETITE for STEEL z173
(831)
•••
ztransforms173
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Post by
ztransforms173
on Oct 28, 2024 10:22am
A TRUMP VICTORY Will Be VERY POSITIVE For NA Steel PRODUCERS
- Trump47 will SPUR a MASSIVE INCREASE in INFRASTRUCTURE INVESTMENT and CAPITAL SPENDING which will RESLUT in a HUGE APPETITE for STEEL z173
(831)
•••
ztransforms173
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Post by
ztransforms173
on Oct 28, 2024 9:52am
A BUNCH Of NEW 13G 5+% OWNERSHIP SEC Filings
Donald Smith & Co., Inc. 13-2807845 (a) Amount beneficially owned: 8,062,867 (b) Percent of class: 7.74% https://ir.algoma.com/node/9726/html ^^^ Maple Rock Capital Partners Inc.
...more
(831)
•••
ztransforms173
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Post by
ztransforms173
on Oct 23, 2024 9:45am
'BLACKROCK' Units OWN 6,957,499 (6.7%) Shares Of ASTL
See: https://ir.algoma.com/node/9721/html ^^^ Under the Securities Exchange Act of 1934 (Amendment No: ) ALGOMA STEEL GROUP INC -------------------------------------------------------- (Name of
...more
(831)
•••
ztransforms173
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Post by
ztransforms173
on Sep 26, 2024 5:54pm
Still NEGATIVE MARGINS With VOLUME of 510-520K Tons
- GREAT: $ 20 million FIRST INSURANCE PAYMENT - CFO made FURTHER INSURANCE BUSINESS CLAIMS of $ 80+ million ^^^ ORIGINAL: Algoma Steel Provides Fiscal Second Quarter 2025 Guidance 2024-09-26 17
...more
(0)
•••
PressRelease
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Post by
PressRelease
on Sep 26, 2024 5:30pm
New Press Release - Algoma Steel Provides Fiscal Second Quarter 2025 Guidance
SAULT STE. MARIE, Ontario, Sept. 26, 2024 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, today provided guidance for its fiscal second quarter ending September 30...
read article.
(0)
•••
PressRelease
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Post by
PressRelease
on Sep 24, 2024 5:30pm
New Press Release - Algoma Steel Announces Results of Voting at Annual Meeting of Shareholders
SAULT STE. MARIE, Ontario, Sept. 24, 2024 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, announced today the results of voting at its virtual annual meeting of...
read article.
(831)
•••
ztransforms173
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Comment by
ztransforms173
on Sep 24, 2024 2:49pm
RE:RE:RE:Trevor Rose's Insights - Don't Buy
HavingFun - (9/24/2024 11:42:00 AM) RE:RE:Trevor Rose's Insights - Don't Buy company was cash rich post covid. stock buy backs, high costs, cash burn, issue
...more
(2)
•••
HavingFun
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Comment by
HavingFun
on Sep 24, 2024 11:42am
RE:RE:Trevor Rose's Insights - Don't Buy
company was cash rich post covid. stock buy backs, high costs, cash burn, issue debt over 9%. Looks like the spac investors are screwing this company. I guess the executive let it
...more
(831)
•••
ztransforms173
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Comment by
ztransforms173
on Sep 19, 2024 11:47am
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
...more
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