Algoma Steel Group Inc.

ASTL

CA0156581070

Iron & Steel

Market Closed - Nasdaq Other stock markets 04:00:00 2024-07-12 pm EDT			5-day change	1st Jan Change
7.35 ^USD	+0.14%		+6.37%	-26.72%

Jun. 24	Algoma Steel Group Maintained at Buy at Stifel GMP; Price Target Raised to C$16.00	MT
Jun. 21	Transcript : Algoma Steel Group Inc., Q4 2024 Earnings Call, Jun 21, 2024

Algoma Steel Group Inc. Announces Shipment Results for Its Fourth Quarter and Full Year Ended March 31, 2024

June 20, 2024 at 05:36 pm EDT

Algoma Steel Group Inc. announced shipment results for its fourth quarter and full year ended March 31, 2024. For fourth quarter, Shipments of 450,966 tons, compared to 571,647 tons in the prior-year quarter.

For year, Shipments of 2,085,465 tons, compared to 2,002,715 tons the prior year.

Latest news about Algoma Steel Group Inc.

Algoma Steel Group Maintained at Buy at Stifel GMP; Price Target Raised to C$16.00	Jun. 24	MT
Transcript : Algoma Steel Group Inc., Q4 2024 Earnings Call, Jun 21, 2024	Jun. 21
Algoma Steel Group Maintained at Buy at Stifel GMP Following Fiscal Q4 Results; Price Target Kept at C$15.00	Jun. 21	MT
Algoma Steel Group Inc. Provides Total Steel Shipments Guidance for the Fiscal First Quarter of 2025	Jun. 21	CI
Algoma Steel Group Inc. Declares Regular Quarterly Dividend, Payable on July 19, 2024	Jun. 21	CI
Algoma Steel Fiscal Q4 Swings to Earnings, Revenue Declines; Shares Up After Hours	Jun. 20	MT
Algoma Steel Group Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2024	Jun. 20	CI
Algoma Steel Group Inc. Announces Shipment Results for Its Fourth Quarter and Full Year Ended March 31, 2024	Jun. 20	CI
Algoma Steel Brief: Currently expect following for Q1 Fiscal 2025, Adjusted EBITDA of $30-$40 million; Total steel shipments of 500,000 to 510,000 tons	Jun. 20	MT
Algoma Steel Brief: Says Further Strengthened Liquidity with US$350 Million Senior Secured Second Lien Note Financing	Jun. 20	MT
Algoma Steel Brief: Reaffirmed Outlook on Transformative Electric Arc Furnace (EAF) Project; Providing Outlook for Q1 Fiscal 2025	Jun. 20	MT
Algoma Steel Brief: Says Results "In-Line with Previously Announced Expectations"; Adds Plate and Strip Operations "Running at Planned Production Levels"	Jun. 20	MT
Algoma Steel Brief: Q4 Net income of $28.0 million, compared to net loss of $20.4 million in the prior-year quarter	Jun. 20	MT
Algoma Steel Brief: Q4 Consolidated revenue of $620.6 million, compared to $677.4 million in the prior-year quarter	Jun. 20	MT
Algoma Steel Group Inc. Reports Earnings Results for the Fourth Quarter Ended March 31, 2024	Jun. 20	CI
North American Morning Briefing : Investors Eye -2-	Jun. 20	DJ
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

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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

2024-07-30 - Q1 2025 Earnings Release (Projected)

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Ratings for Algoma Steel Group Inc.

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ESG Refinitiv

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

7.35

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Sector Iron, Steel Mills & Foundries

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Iron, Steel Mills & Foundries