ASTL News and Press, Algoma Steel Group Inc. From 12/02/21

SAULT STE. MARIE, Ontario, Dec. 02, 2021 (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 announced that it has selected Dan...

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 c...

Algoma Steel recently returned to the public markets via a SPAC transaction with Legato Merger Corp. Despite a recent earnings bump, the stock is still trading at 1.4x current EBITDA and 1.8x forward EBITDA. As cash flow drives down net debt and accrues to equity holders, the shar...

Disponible en français SAULT STE. MARIE, Ontario, Nov. 29, 2021 (GLOBE NEWSWIRE) -- The Canada Infrastructure Bank (CIB) and Algoma Steel Inc., a subsidiary of Algoma Steel Group Inc. (Nasdaq: ASTL; TSX: ASTL) (Algoma) have entered into a definitive agreement with respect to ...

Algoma Steel Group (NASDAQ:ASTL): Q3 GAAP EPS of C$4.02. Revenue of C$1.01B (+167.9% Y/Y) Press Release For further details see: Algoma Steel Group reports Q3 results

Record Second Quarter Revenue, Adjusted EBITDA and Free Cash Flow Driven by Higher Price Realizations and Cost Containment Initiatives Business Highlights and Fiscal 2022 to Fiscal 2021 Second Quarter Comparisons Consolidated revenue of $1.01 billion, up 168% from $3...

Argoma Steel (NASDAQ:ASTL) +1.7% pre-market after unveiling plans to spend C$700M to build two new electric arc furnaces to replace its existing blast furnace and basic oxygen steelmaking operations, which it expects will cut its carbon emissions by 70%. Algoma anticipates a 30-month construc...

Dual furnaces to provide more liquid steel to match downstream finishing capacity. Transformation is expected to reduce carbon emissions by approximately 70%, positioning Algoma for long-term growth in the increasing market for green steel. SAULT STE. MARIE, Ontario, N...

SAULT STE. MARIE, Ontario, Nov. 01, 2021 (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 the Company will release its fiscal 2022 second qu...

SAULT STE. MARIE, Ontario, Oct. 27, 2021 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (“Algoma”) (NASDAQ: ASTL; TSX: ASTL), a leading Canadian producer of hot and cold rolled steel sheet and plate products, today announced that it has entered into a joint venture with Triple M ...