Algoma Steel Group Inc. (ASTL) News
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ASTL News Highlights
- ASTL's 30 day story count now stands at 11.
- Over the past 16 days, the trend for ASTL's stories per day has been choppy and unclear. It has oscillated between 1 and 4.
- The most mentioned tickers in articles about ASTL are GE, PD and STE.
Latest ASTL News From Around the Web
Below are the latest news stories about Algoma Steel Group Inc that investors may wish to consider to help them evaluate ASTL as an investment opportunity.
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Continued Record Revenue, Adjusted EBITDA and Free Cash Flow Performance
Algoma Steel Group (ASTL) initiates $0.05/share quarterly dividend. Forward yield 2.14%
Algoma Steel Group press release (ASTL): FQ3 GAAP EPS of $0.92.Revenue of $1.06B (+146.5% Y/Y).Shipments of 552,544 tons, up from 547,733 tons in the prior-year quarter.
Investment company Saltoro Capital, LP (Current Portfolio) buys Caesars Entertainment Inc, Algoma Steel Group Inc, The Mosaic Co, iHeartMedia Inc, Vistra Corp, sells R1 RCM Inc, Sea, UMH Properties Inc, General Motors Co, DigitalOcean Holdings Inc during the 3-months ended 2021Q4, according to the most recent filings of the investment company, Saltoro Capital, LP.
Rating Action: Moody's withdraws ratings for Algoma Steel Inc. following debt repaymentGlobal Credit Research - 01 Feb 2022Toronto, February 01, 2022 -- Moody's Investors Service ("Moody's") has withdrawn Algoma Steel Inc.'s ("Algoma") ratings including the B3 Corporate Family Rating (CFR), the B3-PD Probability of Default Rating (PDR), and the B3 senior secured rating. The rating action follows the full repayment and cancellation of the term loan.The following ratings/assessments are affected by today's action:Withdrawals:..Issuer: Algoma Steel Inc..... Corporate Family Rating, Withdrawn, previously rated B3.... Probability of Default Rating, Withdrawn, previously rated B3-PD.... Senior Secured Bank Credit Facility, Withdrawn, previously rated B3 (LGD3) Outlook Actions: ..Issuer: Al...
SAULT STE. MARIE, Ontario, Jan. 31, 2022 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, announced today that the Company will release its fiscal 2022 third quarter financial results after the market closes on Thursday, February 10, 2022. A webcast and conference call will be held on Friday, February 11, 2022 at 11:00 a.m. Eastern Time to review the Company’s fiscal third quarter
Algoma Steel Awards Contract to GE to Provide Gas Turbines to Support Power Requirements of Electric Arc Steelmaking Transition
SAULT STE. MARIE, Ontario, Jan. 27, 2022 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma Steel” or “the Company”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, today announced that it has awarded GE Gas Power (NYSE: GE) a contract for an upgrade to the Company’s natural gas combined cycle power plant, including the installation of two gas turbine packages. The upgrade is expected to supply Algoma Steel with sufficient internal
Toronto, A6, based Investment company K.J. Harrison & Partners Inc (Current Portfolio) buys Twitter Inc, Invesco DB US Dollar Index Bullish Fund, iShares 20+ Year Treasury Bond ETF, Vivid Seats Inc, North American Construction Group, sells Northern Genesis Acquisition Corp II, DD3 Acquisition Corp II, DD3 Acquisition Corp II, Avis Budget Group Inc, Legato Merger Corp during the 3-months ended 2021Q4, according to the most recent filings of the investment company, K.J.