Algoma Steel Group (TSE:ASTL) has released an update.
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Algoma Steel Group anticipates steel shipments of up to 550,000 tons for the quarter ended December 31, 2024, with an expected adjusted EBITDA loss between $55 million and $65 million. Despite challenges, the company is advancing its Electric Arc Furnace project, aiming for low-carbon production by 2025. Algoma remains focused on its transformation into a leading North American green steel producer.
For further insights into TSE:ASTL stock, check out TipRanks’ Stock Analysis page.
