| Business Summary | | Algoma
Steel,
Inc.
is
a
vertically
integrated
steel
producer
located
in
Sault
Ste.
Marie,
Ontario
and
is
Canada's
third
largest
integrated
steel
producer,
accounting
for
approximately
13%
of
Canadian
raw
steel
production.
From
its
location
in
Sault
Ste.
Marie,
Ontario,
at
the
hub
of
three
Great
Lakes,
the
Company
is
well
positioned
to
access
the
extensive
steel
markets
within
a
400-mile
radius
of
its
plant.
Algoma's
principal
product
is
sheet,
representing
75%
of
its
annual
shipments,
with
plate
products
accounting
for
the
balance.
The
principal
markets
for
Algoma's
products
are
steel
service
centers,
the
automotive
industry,
steel
fabricators
and
manufacturers.
Currently,
virtually
all
of
Algoma's
production
is
sold
in
Canada
and
the
United
States,
with
approximately
12%
of
its
steel
sales
to
customers
in
the
United
States. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Algoma
Steel
is
a
vertically
integrated
steel
producer.
ALGSF's
principal
markets
include
the
automotive
industry,
steel
fabricators
and
manufacturers,
pipe
and
tube
manufacturers
and
the
oil
and
gas
exploration
industry.
For
the
six
months
ended
6/30/01,
revenues
fell
25%
to
C$458.4
million.
Net
loss
before
U.S.
GAAP
totalled
C$214.3
million,
up
from
C$7.9
million.
Results
reflect
a
decrease
in
revenue
per
ton,
a
decreased
order
intake,
and
C$95.5
million
in
reorganization
costs. | More
from
Market Guide: Significant
Developments |
| Officers | |
| Position | H. Earl Joudrie | Chairman | Alexander Adam | Pres,
CEO | Steve Boniferro | VP
- HR and Management Co-Chair, Joint Steering Committee | Glen Manchester | VP
and Gen. Mang., Flat Rolled Bus. | Richard Pawelek | VP
and Gen. Mang., Primary Operations and Manufacturing Services |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|