Industry News

Algoma Steel Group down $20.4M in Q4 amid lower steel prices, higher costs

Views : 100
Update time : 2023-06-26 16:16:24

SAULT STE. MARIE, Ont. -- Algoma Steel Group Inc. says its net loss for the fourth quarter was $20.4 million, compared with earnings of $242.9 million a year earlier.

Net loss per diluted share was 19 cents, down from earnings of $1.45 the same quarter last year.

The Sault Ste. Marie, Ont.-based steel producer says revenue for the quarter ended March 31 was $677.4 million, down from $941.8 million.

Earnings for the full fiscal year were $298.5 million, down from $857.7 million the previous year.

Related News
Read More >>
Turkey reports decrease in Jan-Apr wire rod exports & value Turkey reports decrease in Jan-Apr wire rod exports & value
Jun .06.2025
Turkey reports decrease in Jan-Apr wire rod exports & value
EGA expands solar aluminum supply to Hyundai Mobis EGA expands solar aluminum supply to Hyundai Mobis
Jun .06.2025
EGA expands solar aluminum supply to Hyundai Mobis
LME nickel rebounds above $15,500 level on market factors LME nickel rebounds above $15,500 level on market factors
Jun .06.2025
LME nickel rebounds above $15,500 level on market factors
Walsin Lihwa’s May revenue drops m-o-m, rises Walsin Lihwa’s May revenue drops m-o-m, rises
Jun .06.2025
Walsin Lihwa’s May revenue drops m-o-m, rises