Algoma Steel Forecasts 65% Drop in 3Q Shipments After Turbine Outage
Algoma Steel Group anticipates a significant decrease in third-quarter steel shipments, projecting a 65% drop to approximately 145,000 tons due to a production impact from a turbine outage.
Algoma Steel Group expects to report a steep decline in third-quarter steel shipments after production was affected by a turbine outage. The Canadian steel producer said Thursday it expects to report around 145000 tons of steel shipped during the third quarter that ended Sept. 30.