Algoma Steel falls to the lowest since since it returned to public markets in 2021 after warning that it expects to post a Q3 earnings loss as steel shipments decline.
Late Wednesday, Algoma, which produces steel sheet and plate products, said it expects total steel shipments of about 415,000 net tons to 420,000 net tons in the quarter, down from 520,443 tons in the ...
RBC Capital analyst James McGarragle lowered the firm’s price target on Algoma Steel (ASTL) to C$6 from C$8 and keeps a Sector Perform rating on ...
Iron ore prices rose this week despite weak steel demand, driven by expectations of record Chinese steel exports, stockpiling, and hopes of a late-year demand rebound.
Starting this week, Sonos has discounted nearly its entire inventory of certified refurbished headphones, soundbars and ...
The U.S. tariff policy in place since April, and now set as a 50% surcharge, has paralleled a notable drop in output by ...
The company saw “continued growth in automotive with new programs ramping up to drive volume,” with Detroit 3 production up 5% year-over-year and Worthington Steel’s shipments increasing by nearly 13% ...
As of Wednesday, SiMn 6517 (cash) in north China was quoted at 5,650-5,750 yuan/mt, up 50 yuan WoW; in south China, SiMn 6517 (cash) was quoted at 5,675-5,775 yuan/mt, up 50 yuan WoW from last ...