Algoma Steel Group Inc. projects steel shipments between 175,000 and 180,000 tons for Q2 2026, with Adjusted EBITDA expected to range from $5 million to $15 million. This forecast includes a $45 million insurance settlement related to a 2024 utility incident and a $50-55 million benefit from capacity utilization adjustments. CEO Rajat Marwah highlighted the company's progress in ramping up electric arc furnace units and a shift towards a Canada-centric strategy despite market challenges. Algoma aims to complete its transformation with a second furnace later in 2026, focusing on sustainable steel production and serving key sectors like infrastructure and defense.
The global reactive hot melt adhesives market is projected to grow from $2.02 billion in 2025 to $4.29 billion by 2035, at a CAGR of 7.72%. Growth is driven by regulations limiting solvent-based adhesives, increased use of polyurethane adhesives in a...
The global automotive microcontrollers market is projected to grow from USD 15.49 billion in 2025 to USD 34.31 billion by 2035, at a CAGR of 8.28%. Growth is fueled by increasing adoption of advanced driver-assistance systems (ADAS), vehicle electrif...
CHARBONE Corporation has increased its helium delivery fleet from one to five units to meet rising demand caused by global helium supply disruptions, notably from Qatar. This expansion supports North American customers in sectors like semiconductors ...
Citi has started coverage of Hikma Pharmaceuticals with a 'buy' rating and a £17 price target, highlighting the company's strategic shift towards differentiated products and US manufacturing investments. The broker sees a 14% potential share price re...
Xenon Pharmaceuticals is evolving into a late-stage, cash-rich neuroscience company with a validated Kv7 potassium channel platform. Its lead drug candidate, azetukalner, has shown strong effectiveness in treating refractory focal onset seizures and ...
