Algoma Steel Group Inc. (TSE:ASTL) has released an update.
Algoma Steel Group Inc. anticipates closing its fiscal fourth quarter with steel shipments ranging between 445,000 to 460,000 tons and an Adjusted EBITDA of $30 to $40 million, despite an unplanned outage that affected production. CEO Michael Garcia expresses confidence in the company’s recovery and improved market positioning, and highlights the on-time and on-budget progress of the Electric Arc Furnace project, a key initiative for Algoma’s future.
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