Algoma Steel Group Inc. (NASDAQ:ASTL) Q1 2024 Earnings Call Transcript

So they’re looking and they continue to manage their inventories closely, they’ve been doing that and that’s the behavior we’ve seen for a while now. The coil market, although we continue to fill our coil order book, you can probably tell from the way that coil pricing has moved over the last several weeks that we still see a little slowness there, although our order book is still full, but that’s mostly driven by distribution. Our markets around infrastructure build, where we send a lot of plate continue to be pretty, pretty firm and we see that in our plate demand and in our plate order book and obviously in the plate pricing. So that’s kind of the some of the landscape that we’re seeing on the commercial side, Lucas.

Lucas Pipes: Michael, really appreciate the color. To you and the team, continued best of luck.

Michael Garcia: Thank you.

Rajat Marwah: Thank you.

Operator: There are no further questions in the queue. I’d like to hand the call back to management for closing remarks.

Mike Moraca: Thank you again for your participation in our first quarter fiscal 2024 earnings conference call and your continued interest in Algoma Steel. We certainly look forward to updating you on our results and progress when we report our fiscal second quarter results scheduled for November. Thank you very much.

Operator: Ladies and gentlemen, this does conclude today’s teleconference. Thank you for your participation. You may disconnect your lines at this time and have a wonderful day.