Algoma Steel Issues Q2 2025 Guidance with Mixed Outlook
Algoma Steel (ASTL) has provided guidance for its fiscal second quarter ending September 30, 2024, anticipating steel shipments between 510,000 to 520,000 tons. The company expects Adjusted EBITDA to range from $5 million to negative $5 million, factoring in approximately $20 million in insurance proceeds. The Electric Arc Furnace project is on track for commissioning by the end of 2024.