tiprankstipranks
Algoma Steel Reports Challenging Q1 with Key Projects On Track
Company Announcements

Algoma Steel Reports Challenging Q1 with Key Projects On Track

Story Highlights

Algoma Steel Group (TSE:ASTL) has released an update.

Don't Miss our Black Friday Offers:

Algoma Steel Group has reported its fiscal first quarter 2025 results with a revenue drop and net income decline compared to last year, amidst challenging steel pricing and economic conditions. The company has completed a key phase in its Plate Mill Modernization and is advancing its Electric Arc Furnace project, with production expected by year-end.

For further insights into TSE:ASTL stock, check out TipRanks’ Stock Analysis page.

Related Articles
TheFlyAlgoma Steel price target raised to C$22 from C$20 at Stifel
TheFlyAlgoma Steel price target raised to C$20 from C$19 at Stifel
TheFlyAlgoma Steel price target raised to C$18 from C$15 at BMO Capital
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App