31
Mar
19:05
Algoma Steel expects to increase profitability in Q1
Ontario-based flat rolled producer Algoma Steel expects strong shipments and higher pricing to boost earnings during its fourth quarter of fiscal 2023, ended 31 March, Kallanish learns from the company's most recent guidance.
Algoma anticipates its total steel shipments to be in the range of 555,000-565,000 short tons during the fourth quarter, with estimated adjusted quarterly earnings expected to be in a range of CAD 25-30 million ($18.5-22.2m). Th…
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Anonymous
Very good overview of the weekly steel market.
Anonymous