Algoma Steel Group (ASTL) said late Tuesday it expects a Q2 adjusted EBITDA of CA$5 million ($3.5 million) to CA$15 million and steel shipments of 175,000 tons to 180,000 tons.
The firm said the EBITDA guidance includes the benefit of a final insurance settlement of CA$45 million over the coke-making utility corridor incident in January 2024, and a capacity utilization adjustment benefit of CA$50 million to CA$55 million.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments