Algoma Steel Group (TSE:ASTL) has released an update.
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Algoma Steel Group Inc., a Canadian steel producer, expects to ship between 510,000 to 520,000 tons of steel and anticipates an Adjusted EBITDA ranging from $5 million to negative $5 million for its fiscal second quarter of 2025. The company is navigating through challenging market conditions but remains optimistic about capitalizing on future opportunities and is set to begin commissioning its environmentally sustainable Electric Arc Furnace by year-end.
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