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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... see more

TSX:ASTL - Post Discussion

Algoma Steel Group Ord Shs > Hot roll steel price up again
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Post by lifeisgood1010 on Jan 30, 2023 11:24am

Hot roll steel price up again

Steel 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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Algoma Steel Group Ord Shs