Algoma Steel Group ( (TSE:ASTL) ) has issued an update.
Algoma Steel Group Inc. announced its participation in the BMO 34th Global Metals, Mining & Critical Minerals Conference held from February 24 to February 26, 2025, in Hollywood, Florida. This participation underscores Algoma’s ongoing transformation journey towards modernizing its operations and adopting environmentally friendly practices, which could enhance its industry positioning as a leading producer of green steel and provide a secure steel supply for North America.
More about Algoma Steel Group
Algoma Steel Group Inc., based in Sault Ste. Marie, Ontario, Canada, is a fully integrated producer of hot and cold rolled steel products, including sheet and plate. The company serves various sectors such as automotive, construction, energy, defense, and manufacturing, and is the only producer of discrete plate products in Canada. Algoma is recognized for its Direct Strip Production Complex, a low-cost producer of hot rolled sheet steel in North America. The company is undergoing a transformation by modernizing its plate mill and adopting electric arc technology to lower carbon emissions, aiming to become a leading producer of green steel in North America.
YTD Price Performance: -21.96%
Average Trading Volume: 521,769
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $793M
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