• Algoma Steel Group (ASTL) has received Toronto Stock Exchange approval to renew its normal course issuer bid
  • Between March 6, 2023, and March 5, 2024, the company may purchase a maximum of 5,178,394 of its shares for cancellation
  • Ontario-based Algoma Steel Group Inc. is a producer of hot and cold rolled steel products, including sheet and plate
  • Algoma Steel Group Inc. (ASTL) opened trading at $11.17 per share

Algoma Steel Group (ASTL) has received the exchange approval to renew its normal course issuer bid.

Between March 6, 2023, and March 5, 2024, the company may purchase up to 5,178,394 of its shares for cancellation.

Daily purchases are limited to 50,984 shares.

Purchases under the NCIB will be made through the facilities of the TSX, NASDAQ or alternative Canadian systems at the market price.

Ontario-based Algoma Steel Group Inc. is a producer of hot and cold rolled steel products, including sheet and plate.

Algoma Steel Group Inc. (ASTL) opened trading at $11.17 per share.

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