AG

Algoma Steel Group

ASTL
NASDAQMaterials
$4.68
USD
+0.21(+4.82%)
At close: Apr 30, 19:32 UTC
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$4.68

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$4.68

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Market Snapshot

Market Cap

$464.39M

P/E Ratio

-0.6

EPS

-1.78

Revenue

$2.36B

Why ASTL moved

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About

Algoma Steel Group, Inc. engages in the production of hot and cold rolled steel products. The company is headquartered in Sault Ste. Marie, Ontario and currently employs 2,818 full-time employees. The company went IPO on 2022-09-19. The firm delivers responsive, customer-driven product solutions for applications in the automotive, construction, energy, defense, and manufacturing sectors. The company is a key supplier of steel products to customers in North America and is the producer of discrete plate products in Canada. The firm offers a wide range of steel plate products, which include AR225, Heat Treated Plate, AlgoLaser, AlgoGrip, and The Heavies. Its sheet products include Hot Rolled Sheet - DSPC, AR200, and Cold Rolled Sheet. The firm has a raw steel production capacity of an estimated over 2.8 million liquid tons per year. Its Direct Strip Production Complex is a continuous casting and rolling mill, producing high-quality hot-rolled sheet steel directly from liquid steel. The firm also generates by-products from its operations.

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