04:41 AM EDT, 09/27/2024 (MT Newswires) -- Algoma Steel Group ( ASTL ) said late Thursday it expects fiscal Q2 adjusted earnings before interest, taxes, depreciation and amortization of between 5 million Canadian dollars ($3.7 million) and negative CA$5 million.

The company said the guidance includes the initial recovery of insurance proceeds estimated at about $20 million.

Algoma Steel ( ASTL ) expects steel shipments of 510,000 tons to 520,000 tons in fiscal Q2, it said.

Price: 10.39, Change: +0.09, Percent Change: +0.87