ASTL News and Press, Algoma Steel Group Inc. From 11/07/22

Algoma Steel Group press release ( NASDAQ: ASTL ): Q2 GAAP EPS of $0.36 misses by $0.06 . Revenue of $599.2M (-40.7% Y/Y) beats by $130.41M . Adjusted EBITDA in the second quarter was $82.7 million, compared with $430.6 million for the prior-year quarter. T...

Results In Line with Previously Announced Expectations Completed Labour Negotiations and Advanced Plate Mill Modernization Commissioning Electric Arc Furnace Construction Advancing as Planned Repurchased US$400 Million, or ~28% of Shares SAU...

Summary Nordstern Capital's third quarter was disappointing on the surface. Our commodity businesses are cash cows and can use the recession fears and depressed prices as an opportunity to buy back large amounts of their own stock. Contrary to current financial market expectat...

SAULT STE. MARIE, Ontario, Oct. 26, 2022 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, announced today that Algoma will release its fiscal 2023 second quarter...

SAULT STE. MARIE, Ontario, Oct. 12, 2022 (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, and Sault College (“the College&#...

Summary With a global economic slowdown becoming the most likely scenario going into next year, steel producers are not looking especially attractive. Thinking beyond the impending slowdown some steel producers, especially the ones located in North America are gaining an obvious g...

Shares of Canadian steelmaker Algoma Steel Group (NASDAQ: ASTL) plunged today after the company put some numbers onto several previously disclosed operational problems. The stock was down as much as 16.3% and remained down 12% as of 10:05 a.m. ET. The company provided guidance f...

Algoma Steel ( NASDAQ: ASTL ) expects Q2 2023 Adjusted EBITDA to be in a range of $75 million to $80 million. Michael Garcia, the company’s CEO, commented, "In the quarter we experienced a production shortfall due to various operational challenges, resulting in...

SAULT STE. MARIE, Ontario, Sept. 27, 2022 (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 ...

SAULT STE. MARIE, Ontario, Sept. 20, 2022 (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 a...