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Algoma Steel Group Inc - astlw STOCK NEWS

Welcome to our dedicated news page for Algoma Steel Group (Ticker: astlw), a resource for investors and traders seeking the latest updates and insights on Algoma Steel Group.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Algoma Steel Group's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Algoma Steel Group's position in the market.

Rhea-AI Summary
Algoma Steel Group Inc. issues its first annual ESG report, highlighting its transformation to green steel and commitment to ESG factors. Construction of the EAF steelmaking project is underway and expected to reduce carbon emissions by up to 70%. The report was prepared in accordance with leading ESG disclosure standards.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.85%
Tags
none
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Rhea-AI Summary
Algoma Steel Group Inc. will be participating in the Jefferies 2023 Industrials Conference. The Company will post a copy of the presentation on its website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.52%
Tags
conferences
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Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.61%
Tags
Rhea-AI Summary
Algoma Steel Group Inc. (ASTL) announced the release of its fiscal 2024 first quarter financial results on August 10, 2023, with a webcast and conference call on August 11, 2023. Investors can access the webcast and archived replay on the Company’s website. The conference call details are also provided for those unable to access the webcast.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.09%
Tags
-
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-9.14%
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none
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Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-9.14%
Tags
News
Rhea-AI Summary
Algoma Steel Group Inc. reports a fatal incident involving an employee of a contractor who was performing maintenance work. The worker lost consciousness while cleaning an out-of-service gas line and later succumbed to their injuries. An investigation is underway.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.52%
Tags
none
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Rhea-AI Summary
Algoma Steel Group Inc. will release its fiscal 2023 Q4 and full year financial results on June 21, 2023. A webcast and conference call will be held on June 22, 2023, to review the results and discuss recent events.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.54%
Tags
-
Rhea-AI Summary
Algoma Steel Group Inc. has increased its senior secured asset-based revolving credit facility from US$250 million to US$300 million and extended the term to May 2028. The interest rate will be based on the Secured Overnight Financing Rate (SOFR) plus a credit spread adjustment of 10 basis points plus an applicable margin. This move strengthens Algoma's liquidity, extends maturity, and increases financial flexibility.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.27%
Tags
none
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.48%
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none
Algoma Steel Group Inc

Nasdaq:ASTLW

ASTLW Rankings

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