20
Oct
18:20
Algoma eyes transition to EAF after Legato merger
With an infusion of $306 million now that the merger with Legato Merger Corporation is complete, Canada’s Algoma Steel is contemplating a move to EAF steelmaking.
Algoma and Legato completed the merger this week, which will result in Algoma’s common shares being listed on the Nasdaq and Toronto stock exchanges. Legato shares will be delisted from the Nasdaq and combined with Algoma’s, Kallanish understands.
Over the past two years, the integrate…
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Anonymous
Very good overview of the weekly steel market.
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