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21 Jun

Algoma swings to Q4 profit, volumes rebounding

Algoma Steel's shipments are rebounding in the current quarter and the Canadian steelamaker's electric arc furnace installation should be ready for commissioning by the end of 2024, Kallanish discovers from the company’s latest earnings release. The North America steel market is still in the midst of a relatively slow period, Algoma's management confirms.  “The current [market] reflects ample spot supply, short lead times, econom…
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