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home / news releases / ASTL - Algoma Steel Stock: Riding The Waves Of Higher Steel Demand

ASTL - Algoma Steel Stock: Riding The Waves Of Higher Steel Demand

Algoma Steel Group Inc.
  • Algoma Steel generated almost C$300M in net income and about C$273M in free cash flow in Q2, while the market cap is now less than C$2B.
  • The free cash flow bonanza will likely continue for the next two quarters.
  • This makes Algoma's financial situation a lot more flexible, as the company is working on the conversion to Electric Arc Furnaces.

For further details see:

Algoma Steel Stock: Riding The Waves Of Higher Steel Demand
Stock Information
Company Name: Algoma Steel Group Inc.
Stock Symbol: ASTL
Market: NYSE
Website: algoma.com
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