Algoma Steel Group Provides Q4 Steel Shipments, EBITDA Outlook

MT Newswires Live
03 Jan

Algoma Steel Group (ASTL) expects Q4 total steel shipments of 545,000 tons to 550,000 tons.

Adjusted EBITDA in the quarter ended Dec. 31 was projected at a loss of 55 million Canadian dollars ($38.2 million) to CA$65 million, the company said Thursday in a statement.

Shares of the company fell 2.7% in recent after-hours activity.

Price: 9.44, Change: -0.26, Percent Change: -2.68

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