26
Mar
17:21
Algoma issues earnings guidance, quantifies outage impact
Algoma Steel's unplanned outage in January and February reduced overall production by as much as 150,000 short tons, Kallanish learns from a quarterly earnings warning from the Canadian steelmaker.
Shipments for the fiscal fourth quarter ending 31 March are expected to total 445,000-460,000st, and Ebitda is projected to land in the range of CAD 30 million-40m ($22m-29m), Algoma states.
On 20 January, the Sault Ste Marie, Ontario, mill experienced …
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Very good overview of the weekly steel market.
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