Algoma Steel Group Inc.

ASTL

CA0156581070

Iron & Steel

Market Closed - Nasdaq Other stock markets 04:00:00 2024-05-10 pm EDT			5-day change	1st Jan Change
7.77 ^USD	-1.65%		-0.51%	-22.53%

Apr. 09	Algoma Steel Group Maintained at Buy at Stifel GMP Following Debt Issue; Price Target Cut to C$15.00	MT
Mar. 27	Algoma Steel Prices $350 Million Debt Offering	MT

Algoma Steel Group Inc. Provides Total Steel Shipments Guidance for the Fourth Quarter Ending March 31, 2024

March 25, 2024 at 08:00 am EDT

Algoma Steel Group Inc. provided total steel shipments guidance for the fourth quarter ending March 31, 2024. Fiscal 2024 fourth quarter total steel shipments are expected to be in the range of 445,000 to 460,000 tons.

Latest news about Algoma Steel Group Inc.

Algoma Steel Group Maintained at Buy at Stifel GMP Following Debt Issue; Price Target Cut to C$15.00	Apr. 09	MT
Algoma Steel Prices $350 Million Debt Offering	Mar. 27	MT
Algoma Steel Brief: Pricing US$350 Million 9.125% Senior Secured Second Lien Notes due 2029	Mar. 26	MT
Algoma Steel Group Maintained at Outperform at BMO After Fiscal Q4 Guidance; Price Target Kept at C$15.00	Mar. 26	MT
S&P Assigns Rating to Algoma Steel	Mar. 25	MT
Fitch Assigns First-Time B Long-Term Issuer Default Ratings to Algoma Steel Group, Unit	Mar. 25	MT
Algoma Steel Plans $350 Million Notes Offering; Provides Fiscal Q4 Guidance	Mar. 25	MT
Algoma Steel Provides Q4 Guidance; Announces Proposed Offer of US$350 Million of Senior Secured Second Lien Notes due 2029	Mar. 25	MT
Algoma Steel Brief: Announcing Proposed Offering of US$350 Million of Senior Secured Second Lien Notes due 2029	Mar. 25	MT
Algoma Steel Brief: Providing Fiscal Fourth Quarter 2024 Guidance	Mar. 25	MT
Algoma Steel Group Inc. Provides Total Steel Shipments Guidance for the Fourth Quarter Ending March 31, 2024	Mar. 25	CI
Algoma Steel Brief: Advising the repair and restart of its blast furnace is complete and steel production resumed on Sunday, February 11, 2024	Feb. 14	MT
Algoma Steel Group Inc. Resumes Normal Steel Production	Feb. 14	CI
Algoma Steel Says Casthouse Incident Affected 12 Workers	Feb. 09	MT
Algoma Reports Casthouse Incident at Blast Furnace Complex	Feb. 09	MT
Algoma Steel Group Maintained at Buy at Stifel GMP After Fiscal Q3 Results; Price Target Cut to C$15.25	Feb. 08	MT
Transcript : Algoma Steel Group Inc., Q3 2024 Earnings Call, Feb 07, 2024	Feb. 07
Tranche Update on Algoma Steel Group Inc.'s Equity Buyback Plan announced on March 1, 2023.	Feb. 06	CI
Algoma Steel Brief: Reiterated Outlook on Transformative EAF Project with $509.9 Million Invested to Date and 86% of Anticipated Costs Under Contract	Feb. 06	MT
Algoma Steel Brief: Q3 Net loss of $84.8 million, compared to a net loss of $69.8 million in the prior-year quarter	Feb. 06	MT
Algoma Steel Brief: Q3 Consolidated revenue of $615.4 million, compared to $567.8 million in the prior-year quarter; Paid quarterly dividend of US$0.05/share	Feb. 06	MT
Algoma Steel Group Inc. Declares Quarterly Dividend, Payable on March 28, 2024	Feb. 06	CI
Algoma Steel Group Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023	Feb. 06	CI
BMO Capital Trims Price Target on Algoma Steel to CA$15 From CA$16, Maintains Outperform Rating	Jan. 24	MT
Algoma Steel Group Maintained at Outperform at BMO Following Coking Plant Structure Collapse; Price Target Cut to C$15.00	Jan. 24	MT

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Company Profile

Algoma Steel Group Inc. (Algoma) is a Canada-based integrated producer of hot and cold rolled steel products including sheet and plate. The Company delivers customer-driven product solutions to applications in the automotive, construction, energy, defense, and manufacturing sectors. The Company is a key supplier of steel products to customers in North America and is the only producer of discrete plate products in Canada. Its plate products include AR225, Heat Treated Plate, AlgoLaser, AlgoGrip and The Heavies. Its plate products include Hot Rolled Sheet - DSPC, Hot Rolled Sheet - 106'' Mill, AR200, Cold Rolled and Floor Plate. The Company has a raw steel production capacity of an estimated 2.8 million tons per year. Its Direct Strip Production Complex is a thin slab caster coupled with direct hot rolling in North America. In addition, its heat-treated plate facility provides a full range of heat-treated products for abrasion resistant, ballistic and other specialty plate applications.

Sector

Iron & Steel

Calendar

2024-06-10 - Q4 2024 Earnings Release (Projected)

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Ratings for Algoma Steel Group Inc.

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Investor Rating

ESG Refinitiv

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

7.77

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Sector Iron, Steel Mills & Foundries

	1st Jan change	Capi.
ALGOMA STEEL GROUP INC.	-22.53%	809M
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JINDAL STAINLESS LIMITED	+20.20%	6.78B

Iron, Steel Mills & Foundries