Algoma Steel Grp Stock Price, News & Analysis

Algoma Steel Group (NASDAQ: ASTL; TSX: ASTL), a leading Canadian producer of hot and cold rolled steel sheet and plate products, has scheduled its 2025 first quarter financial results release for Tuesday, April 29, 2025, after market close.

The company will host a webcast and conference call on Wednesday, April 30, 2025, at 11:00 a.m. Eastern Time. The event will include a results review, recent events discussion, and Q&A session. Investors can access the webcast through the company's investor relations website at ir.algoma.com. Conference call participants can dial 877-425-9470 (domestic) or 201-389-0878 (international).

Algoma Steel Group (NASDAQ: ASTL) reported its financial results for Q4 and full year 2024. The company posted a Q4 consolidated revenue of $590.3 million, down from $615.4 million year-over-year, with a net loss of $66.5 million compared to $84.8 million loss in the prior year.

Key Q4 metrics include:

• Shipments increased 6.3% to 548,802 tons
• Adjusted EBITDA loss of $60.3 million with -10.2% margin
• Average realized steel price of $976 per ton

The company's transformative Electric Arc Furnace (EAF) project is progressing with first steel production expected in April 2025. The cumulative investment reached $740.2 million, with contracted commitments totaling approximately $880 million. The EAF transition is anticipated to reduce annual carbon emissions by 70% and provide 3.7 million tons of annual raw steel production capacity.

Notably, the company faces challenges from new U.S. tariffs on Canadian steel imports, which could materially impact financial performance. Algoma maintains a strong liquidity position with $266.9 million in cash and $361.8 million in unused credit facility availability.

Algoma Steel Group (NASDAQ: ASTL; TSX: ASTL), a leading Canadian producer of hot and cold rolled steel sheet and plate products, has scheduled its financial results announcement for the three and nine months ended December 31, 2024. The results will be released after market close on March 12, 2025.

The company will host a webcast and conference call on March 13, 2025 at 11:00 a.m. Eastern Time to discuss the results and conduct a Q&A session. The event will be accessible via the Investors section at www.ir.algoma.com, or by phone at 877-425-9470 (domestic) and 201-389-0878 (international).

Notably, Algoma has changed its fiscal year end from March 31 to December 31, resulting in a nine-month fiscal reporting period ending December 31, 2024.

Algoma Steel Group (NASDAQ: ASTL; TSX: ASTL), a leading Canadian producer of hot and cold rolled steel sheet and plate products, has announced its participation in the BMO 34th Global Metals, Mining & Critical Minerals Conference. The event will take place from February 24-26, 2025, in Hollywood, Florida.

The company will make its presentation materials available in the Investors section of its website at ir.algoma.com prior to the conference. The announcement highlights Algoma's ongoing initiatives, including its transition to electric arc furnace (EAF) steelmaking, its vision to become a leading producer of green steel, and the modernization of its plate mill facilities.

The company aims to provide North America with a secure steel supply and a sustainable future, while focusing on investing in its people and processes. This announcement contains forward-looking statements regarding the company's transformation journey and future prospects.

Algoma Steel Group (NASDAQ: ASTL; TSX: ASTL) has provided guidance for Q4 2024, projecting total steel shipments between 545,000 to 550,000 tons and an Adjusted EBITDA range of ($55) million to ($65) million. Despite market headwinds, the company reported solid operational execution, particularly in its plate business.

The company's Electric Arc Furnace project reached a significant milestone with the start of cold commissioning activities. While record snowfall in late November and early December briefly impacted project work, management doesn't expect material delays in achieving first steel production by the end of Q1 2025. The company continues its strategic transformation toward becoming a leading low-carbon steel producer in North America.

Algoma Steel Group (NASDAQ: ASTL; TSX: ASTL), a leading Canadian steel producer, has announced its participation in the inaugural B. Riley Securities Energy Convergence Conference. The event will take place on Wednesday, December 4, 2024, at the Hotel Eventi in New York.

The company, which specializes in hot and cold rolled steel sheet and plate products, will make their presentation materials available to investors prior to the conference through their website's investor relations section at ir.algoma.com.

Algoma Steel Group reported fiscal Q2 2025 results with consolidated revenue of $600.3 million, down from $732.6 million in the prior-year quarter. The company posted a net loss of $106.6 million, compared to net income of $31.1 million last year. Adjusted EBITDA was $3.5 million with a 0.6% margin. Steel shipments decreased to 520,443 tons from 548,998 tons.

The company's Electric Arc Furnace (EAF) project remains on schedule, with commissioning activities set to begin by end of 2024. Total contracted commitments are now approximately $870 million. The company announced a change in fiscal year end from March 31 to December 31, and declared a quarterly dividend of US$0.05 per share.

Algoma Steel Group (NASDAQ: ASTL; TSX: ASTL), a leading Canadian steel producer, will release its fiscal 2025 second quarter financial results after market close on Wednesday, November 6, 2024. The company will host a webcast and conference call on Thursday, November 7, 2024, at 11:00 a.m. Eastern Time to discuss results and conduct a Q&A session. The webcast will be accessible through the company's investor relations website, while the conference call can be joined via phone using specific dial-in numbers for domestic and international participants.

Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) has provided guidance for its fiscal second quarter ending September 30, 2024. The company expects total steel shipments to be between 510,000 and 520,000 tons. Adjusted EBITDA is projected to range from $5 million to negative $5 million, including an estimated $20 million in initial insurance proceeds recovery.

CEO Michael Garcia noted that operations are performing as expected despite challenging market conditions for steel demand and pricing. He emphasized that Algoma is well-positioned to capitalize on opportunities when market fundamentals improve. The company's Electric Arc Furnace project remains on track, with commissioning activities expected to begin by the end of the calendar year, marking Algoma's transformation into one of North America's most environmentally sustainable steel producers.