ASTL - Algoma Steel Group Inc.

NasdaqGM - NasdaqGM Real-time price. Currency in USD
7.16
+0.09 (+1.27%)
At close: 04:00PM EDT
7.20 +0.04 (+0.56%)
Pre-market: 07:32AM EDT
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Previous close7.07
Open7.08
Bid6.95 x 1800
Ask7.77 x 800
Day's range7.08 - 7.22
52-week range5.64 - 10.06
Volume471,035
Avg. volume821,043
Market cap751.786M
Beta (5Y monthly)1.49
PE ratio (TTM)3.60
EPS (TTM)1.99
Earnings dateN/A
Forward dividend & yield0.20 (2.79%)
Ex-dividend date27 Feb 2023
1y target est13.80
  • GlobeNewswire

    Algoma Steel Upsizes ABL Credit Facility and Extends Maturity Date to 2028

    SAULT STE. MARIE, Ontario, May 25, 2023 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, today announced that it has successfully upsized its senior secured asset-based revolving credit facility (“ABL Credit Facility”) from US$250 million to US$300 million and extended the term of the ABL Credit Facility to May, 2028. The interest rate on the ABL Credit Facility wi

  • Simply Wall St.

    Algoma Steel Group (NASDAQ:ASTL) Knows How To Allocate Capital Effectively

    Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...

  • GlobeNewswire

    Algoma Steel Releases ESG Position Statement

    SAULT STE. MARIE, Ontario, April 06, 2023 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or the “Company”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, today released its Environmental, Social, and Governance (“ESG”) Position Statement (the “ESG Position Statement”). Algoma has been undertaking efforts to enhance its approach to ESG and the Company is pleased to be able to share more detail on this work through the publicati

  • GlobeNewswire

    Algoma Steel Provides Fiscal 2023 Fourth Quarter Guidance

    SAULT STE. MARIE, Ontario, March 30, 2023 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, today provided guidance for its fiscal fourth quarter ending March 31, 2023. Unless otherwise specified, all amounts are in Canadian dollars. Fiscal 2023 fourth quarter total steel shipments are expected to be in the range of 555,000 to 565,000 tons and Adjusted EBITDA is exp

  • GlobeNewswire

    Algoma Steel Group Announces Director Resignation

    SAULT STE. MARIE, Ontario, March 29, 2023 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, today announced that Brian Pratt has resigned from the Board of Directors for personal reasons, effective immediately. "We thank Brian for his lasting impact and valuable contributions to the Board during his tenure with us. We fully support his decision, and we wish him the

  • GlobeNewswire

    Algoma Steel Appoints EllisDon as Construction Manager for Electric Arc Furnace Project

    SAULT STE. MARIE, Ontario, March 13, 2023 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or the “Corporation”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, today announced the appointment of EllisDon as Construction Manager for completion of its transformative Electric Arc Furnace (EAF) project. EllisDon brings over 70 years of industrial and civil construction management expertise and experience to the project bolstering Al

  • GlobeNewswire

    Algoma Steel Group Announces Renewal of Normal Course Issuer Bid

    SAULT STE. MARIE, Ontario, March 01, 2023 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”) announced today that the Toronto Stock Exchange (the “TSX”) has approved the Company’s intention to renew its normal course issuer bid (“NCIB”) for a portion of its common shares (“Shares”) as appropriate opportunities arise from time to time. The Company believes that the market price of the Shares may not, from time to time, fully reflect their value and a

  • GlobeNewswire

    Algoma Steel Group to Participate in the BMO 32nd Global Metals, Mining & Critical Minerals Conference

    SAULT STE. MARIE, Ontario, Feb. 23, 2023 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, today announced that the Company will be participating in the BMO 32nd Global Metals, Mining & Critical Minerals Conference on Monday, February 27, 2023 and Tuesday, February 28, 2023. Prior to Algoma’s attendance at this conference, the Company will post a copy of the present

  • GlobeNewswire

    Algoma Steel Installs First Structural Columns for Electric Arc Steel Shop

    Ontario Premier Ford Commemorates Project MilestoneSAULT STE. MARIE, Ontario, Feb. 16, 2023 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, announced today that the Company installed the first structural steel columns this week at its electric arc steelmaking facility (‘EAF’) in Sault Ste. Marie, Ontario Canada and Ontario Premier Doug Ford visited the site to commemorate the proj

  • GlobeNewswire

    Algoma Steel Group Reports Fiscal 2023 Third Quarter Results

    Results In Line with Previously Announced Expectations Completed Phase 1 Plate Mill Modernization Commissioning All Operations Returned to Normal Production Levels at January 1, 2023 Electric Arc Furnace Construction Advancing as Planned SAULT STE. MARIE, Ontario, Feb. 13, 2023 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, today announced results for its fiscal

  • GlobeNewswire

    Algoma Steel to Announce Fiscal 2023 Third Quarter Results February 13, 2023

    SAULT STE. MARIE, Ontario, Feb. 01, 2023 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, announced today that the Company will release its fiscal 2023 third quarter financial results after the market closes on Monday, February 13, 2023. A webcast and conference call will be held on Tuesday, February 14, 2023, at 11:00 a.m. Eastern Time to review the Company’s results, discuss rece

  • GlobeNewswire

    Algoma Steel Provides Fiscal Third Quarter 2023 Guidance

    SAULT STE. MARIE, Ontario, Jan. 09, 2023 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, today provided guidance for its fiscal third quarter 2023. Unless otherwise specified, all amounts are in Canadian dollars. Fiscal third quarter 2023 total steel shipments are expected to be approximately 455,000 tons and Adjusted EBITDA is expected to be in a range of $(35) m

  • GlobeNewswire

    Algoma Steel Group Reports Fiscal 2023 Second Quarter Results

    Results In Line with Previously Announced Expectations Completed Labour Negotiations and Advanced Plate Mill Modernization Commissioning Electric Arc Furnace Construction Advancing as Planned Repurchased US$400 Million, or ~28% of Shares SAULT STE. MARIE, Ontario, Nov. 07, 2022 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, today announced results for its fiscal

  • GlobeNewswire

    Algoma Steel to Announce Fiscal 2023 Second Quarter Results November 7, 2022

    SAULT STE. MARIE, Ontario, Oct. 26, 2022 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, announced today that Algoma will release its fiscal 2023 second quarter financial results after the market closes on Monday, November 7, 2022. A webcast and conference call will be held on Tuesday, November 8, 2022 at 11:00 a.m. Eastern Time to review Algoma’s results, discuss recent events, a

  • GlobeNewswire

    Algoma Steel Partners with Sault College on Site-Greening Initiative

    SAULT STE. MARIE, Ontario, Oct. 12, 2022 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, and Sault College (“the College”) announced today that their collaboration on Algoma’s site-greening initiative has taken root with a team of Sault College Forest Technician – Conservation Program students attending on site to plant upwards of 2,000 seedlings that they grew th

  • GlobeNewswire

    Algoma Steel Provides Fiscal Second Quarter 2023 Guidance

    SAULT STE. MARIE, Ontario, Sept. 27, 2022 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, today provided guidance for its fiscal second quarter 2023. Fiscal second quarter 2023 Adjusted EBITDA is expected to be in a range of $75 million to $80 million. Michael Garcia, the Company’s Chief Executive Officer, commented, “Our projected fiscal second-quarter results la

  • GlobeNewswire

    Algoma Steel Announces Results of Voting at Annual Meeting of Shareholders

    SAULT STE. MARIE, Ontario, Sept. 20, 2022 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, announced today the results of voting at its virtual annual meeting of shareholders held on September 20, 2022 (the “Meeting”). All of the nominees listed in the management information circular prepared in connection with the Meeting were elected as directors of the Company.

  • GlobeNewswire

    Algoma Steel Confirms USW Local 2251 Agreement Ratified

    SAULT STE. MARIE, Ontario, Aug. 30, 2022 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma’ or “the Company”) reports it has been notified by United Steelworkers (“USW”) Local 2251, the union representing Algoma’s hourly employees, that their members have successfully ratified the terms of the new 5-year collective agreement. This agreement follows the agreement with the United Steelworkers Local 2724, the union representing its technical, professional, and front-lin

  • GlobeNewswire

    Algoma Steel and USW L2251 Reach Tentative Agreement

    SAULT STE. MARIE, Ontario, Aug. 23, 2022 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or the “Company”) and United Steelworkers Local Union 2251 (“2251”), the union representing Algoma’s hourly employees, announced today that the parties have reached a tentative collective agreement. The USW Local 2251 bargaining committee is unanimously recommending the offer and the parties have agreed to extend the current contract until August 30, 2022, to allow for a ratif

  • GlobeNewswire

    Algoma Steel Confirms USW Local 2251 Agree to Take Offer to Employees for a Vote

    Operations Continue in Ordinary Course during Voting ProcessSAULT STE. MARIE, Ontario, Aug. 12, 2022 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or the “Company”) announced today that United Steelworkers Local 2251 (“2251” or the “Union”) have agreed to take the Company’s last offer to a vote by employees in the affected bargaining unit. Operations will continue in the ordinary course during the voting process, and the Union has agreed to provide advance notic

  • GlobeNewswire

    Algoma Steel Reports Coke Conveyor Fire

    Iron and Steelmaking Operations Continue Normal CourseSAULT STE. MARIE, Ontario, Aug. 09, 2022 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or the “Company”) announced today that a fire occurred on August 7, 2022, on one of its coal conveyors that supplies coal to two of its three coke batteries. No one was injured in this event. Algoma produces its own coke from three production units, and supplements with purchased coke from various suppliers. Iron and steelm

  • GlobeNewswire

    Algoma Steel Tables Revised Best and Final Offer in Collective Agreement Negotiations with USW Local 2251

    USW Local 2251 Refuses to Take it to a VoteSAULT STE. MARIE, Ontario, Aug. 05, 2022 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or the “Company”) announced today that the Company has submitted a revised best and final Collective Bargaining Agreement (“CBA”) offer to the Negotiating Committee of United Steelworkers Local Union 2251 (“2251”), the union representing Algoma’s hourly employees. Algoma has again received notice that the 2251 Negotiating Committee ha

  • GlobeNewswire

    Algoma Steel Group Reports Fiscal 2023 First Quarter Results

    Solid Revenue, Operational and Free Cash Flow Performance Electric Arc Furnace Construction Advancing as Planned Repurchased US$400 Million Common Shares (~28% of Outstanding) Through Substantial Issuer Bid in July SAULT STE. MARIE, Ontario, Aug. 03, 2022 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, today announced results for its fiscal first quarter ended Jun

  • GlobeNewswire

    Algoma Steel Announces Final Results of Substantial Issuer Bid

    SAULT STE. MARIE, Ontario, Aug. 02, 2022 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ, TSX: ASTL) (“Algoma” or the “Corporation”) today announced the final results of its substantial issuer bid (the “Offer”) under which it has purchased for cancellation 41,025,641 of its common shares (“Shares”) at a purchase price of US$9.75 per Share, for an aggregate purchase price of approximately US$400 million. Shares purchased under the Offer represent approximately 27.9% of the issued and outstand

  • GlobeNewswire

    Algoma Steel Announces 15 Day Extension

    USW Local 2251 Has Agreed to Continue Working 15 Days Beyond the July 31, 2022 Contract DeadlineSAULT STE. MARIE, Ontario, July 30, 2022 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or the “Company”) announced today that the Company and the Negotiating Committee of United Steelworkers Local Union 2251 (“2251”), the union representing Algoma’s hourly employees, have agreed to a fifteen (15) day extension beyond the July 31, 2022 expiry of the collective agreemen