Algoma Steel Group Inc (NAS:ASTL)
$ 10.35 -0.27 (-2.54%) Market Cap: 1.08 Bil Enterprise Value: 1.23 Bil PE Ratio: 0 PB Ratio: 1.08 GF Score: 61/100
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Algoma Steel Group Inc at BMO Capital Markets Global Metals & Mining Conference (Virtual) Transcript

Mar 01, 2022 / 02:30PM GMT
Release Date Price: $9.35 (+2.75%)
David Francis Gagliano
BMO Capital Markets Equity Research - Co-Head of Metals & Mining Research and Metals & Mining Analyst

We are right on time, if it's going here. Okay. Perfect. So we're going to get going. So next up is Algoma. Algoma is Canadian-based, U.S.- and Canadian-listed steel producer, sheet steels. Company came into existence in 1901 but has only recently reentered the public domain via lease back in October 2021. I think I got this right.

In terms of finished steel volumes, Algoma ranks as the third largest steelmaker in Canada, the only producer of plate steel in Canada, which I'm sure we'll hear more about. In the early stages of a major multiyear transformation, changing from a blast furnace-based steel maker to a mini mill EAF-based steelmaker within its existing operations in Sault Ste. Marie, Ontario.

Joining us today is Mike McQuade, CEO of Algoma.

Michael A. McQuade
Algoma Steel Group Inc. - President, CEO & Director

Thanks very much, David, for the introduction. I do want to thank all of you for your

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