Algoma Steel says Sault Ste. Marie plant outage to hit Q4 output, adjusted EBITDA

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Algoma Steel (NASDAQ:ASTL) +3.1% in Monday's trading after issuing guidance for FQ4 ending March 31 total steel shipments of 445K-460K tons and adjusted EBITDA of $30M-$40M. Algoma (ASTL) said it ...

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Algoma (ASTL) said it ...</p>\n\n<a href=\"https://seekingalpha.com/news/4083341-algoma-steel-says-sault-ste-marie-plant-outage-to-hit-q4-output-adjusted-ebitda\">Source Link</a>\n\n</div>\n","source":"seekingalpha","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Algoma Steel says Sault Ste. 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Marie plant outage to hit Q4 output, adjusted EBITDA\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-03-25 22:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4083341-algoma-steel-says-sault-ste-marie-plant-outage-to-hit-q4-output-adjusted-ebitda><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Algoma Steel (NASDAQ:ASTL) +3.1% in Monday's trading after issuing guidance for FQ4 ending March 31 total steel shipments of 445K-460K tons and adjusted EBITDA of $30M-$40M. Algoma (ASTL) said it ...</p>\n\n<a href=\"https://seekingalpha.com/news/4083341-algoma-steel-says-sault-ste-marie-plant-outage-to-hit-q4-output-adjusted-ebitda\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ASTLW","symbol_name":"Algoma Steel Inc. 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But CEO Michael Garcia said the company expects to close out its fiscal year \"on a high note, with steel production back to normal levels and our end markets looking strong,\" and with a return to full production, it expects an improvement in FQ1 results. Algoma  said its electric arc furnace project remains on schedule and within budget, with commissioning activities expected to start by year-end 2024, as it continues to secure contracts to advance the EAF project, which now totals $788M, mostly on fixed-price terms.  More on Algoma St","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"ASTLW":"Algoma Steel Inc. 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Algoma (ASTL) said its electric arc furnace project remains on schedule and within budget, with commissioning activities expected to start by year-end 2024, as it continues to secure contracts to advance the EAF project, which now totals $788M, mostly on fixed-price terms.  More on Algoma Steel  Algoma Steel: Underpriced From Both Cyclical And EAF Perspectives Algoma Steel Q3 2024 Earnings Call Transcript Algoma Steel Q3 2024 Results - Earnings Call Presentation","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.24.2","shortVersion":"4.24.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2422494185"}