Algoma Steel sees Q4 adjusted EBITDA -C$55M to -C$65M; total steel shipments of 545K-550K tons

SlobodanMiljevic/E+ via Getty Images Algoma Steel ( NASDAQ: ASTL ) -2.78% in Friday's premarket trading after issuing guidance for FQ4 ending December 31 total steel shipments of 545K-550K tons and adjusted EBITDA of negative C$55M to negative C$65M. "Despite market headwinds, the company reported solid operational execution, particularly in its plate business.

Despite macroeconomic uncertainties, Algoma is.