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home / news releases / ASTL - Algoma Steel: Exceptional Steel Market Results In Record Performance

ASTL - Algoma Steel: Exceptional Steel Market Results In Record Performance

Algoma Steel Group Inc.
  • Algoma Steel recently completed its going-public process but its share price did not participate in the red-hot steel market.
  • The underlying results are exceptionally strong as the company generated more than C$2/share in free cash flow in the most recent quarter.
  • The cash is being hoarded on the balance sheet and this will help to complete the conversion to EAF while maintaining financial flexibility.
  • I have a long position and wouldn't mind adding more, but I'm aware the steel price has come down and will likely continue to decrease.

For further details see:

Algoma Steel: Exceptional Steel Market Results In Record Performance
Stock Information
Company Name: Algoma Steel Group Inc.
Stock Symbol: ASTL
Market: NYSE
Website: algoma.com
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