Katja Gencic's questions to Algoma Steel Group (ASTL) leadership • Q2 2025
Question
Asked about the current state of the Canadian plate market, its pricing relative to the US, the remaining CapEx for the EAF project, and the overall CapEx outlook for the rest of the year given the weak market conditions.
Answer
The Canadian plate market is stable and well-balanced, with Algoma's market share over 40%, but pricing is about 40% lower than in the US. The company is not changing its EAF CapEx guidance but will flex maintenance CapEx towards the lower end of its typical range if the weak environment persists.