An announcement from Algoma Steel Group ( (TSE:ASTL) ) is now available.
Algoma Steel Group reported its financial results for the three and nine months ended December 31, 2024, showing a decrease in revenue and increased losses compared to the previous year. Despite these challenges, the company reaffirmed its outlook on the transformative Electric Arc Furnace project, which is expected to see its first arc in April, indicating a strategic shift that could impact its operations and market positioning.
More about Algoma Steel Group
Algoma Steel Group Inc. is a leading Canadian producer specializing in hot and cold rolled steel sheet and plate products.
YTD Price Performance: -40.10%
Average Trading Volume: 836,598
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $603.9M
See more data about ASTL stock on TipRanks’ Stock Analysis page.