14
Aug
21:12
Algoma expects lower plate prices, will cut jobs
Algoma Steel plans to reduce its workforce and anticipates lower plate pricing to continue over the near term, whilst its shipments increase, Kallanish learns from the Canadian steelmaker's earnings conference call.
"I don't see any near-term catalyst for increased pricing over the balance of the year, and that's probably going to be the same around demand, but [shipments will] certainly be directionally higher in the quarter to come," states…
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Anonymous
Very good overview of the weekly steel market.
Anonymous