28
Sep
19:56
Algoma projects diminished September-quarter shipments, earnings
Ongoing labour negotiations between Ontario-based flat rolled producer Algoma Steel and its steel workers over the past few months, in combination with planned upgrade projects, have diminished the company's performance results for the fiscal second quarter.
The company's projected adjusted earnings during its second quarter of fiscal 2023 are expected to be in the range of CAD 75-80 million ($55-59m), with shipments anticipated to fall sequentially to 415…
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Anonymous
Very good overview of the weekly steel market.
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