2m 2m 2m 2m 2m 2m 2m
- $453.3MMarket Cap
- -37.55%1-Year Change
- SteelIndustry
ALGMA STEEL GRP (ASTL)
Key Performance
More- Earnings Score: N/A
- Momentum Score: 34
- True Yield: N/A
- Financial Health Score: N/A
Latest Research & News
The United Steelworkers union strongly condemns the federal government's decision to close the Canadian Ombudsperson for Responsible Enterprise (CORE), arguing it removes a critical tool for holding Canadian companies accountable for human rights and labor violations abroad. While acknowledging CORE's limitations, the union calls for a truly independent ombudsperson with real investigative powers rather than complete abolition.
06/19/2026, 12:46 PM • GlobeNewswire
USW condemns decision to abolish the Canadian Ombudsperson for Responsible Enterprise
The United Steelworkers union strongly opposes the federal government's decision to abolish the Office of the Canadian Ombudsperson for Responsible Enterprise (CORE), arguing that while the office had limitations, eliminating it removes an important tool for holding Canadian companies accountable for human rights and labour rights abuses abroad. The USW calls on the government to reverse the decision and establish a genuinely independent ombudsperson with stronger investigative powers.
06/19/2026, 12:46 PM • GlobeNewswire
Algoma Steel Releases 2025 Sustainability Report
Algoma Steel announced its 2025 Sustainability Report, marking a pivotal year with the successful commissioning of its first Electric Arc Furnace (EAF) in July 2025 and the decommissioning of its blast furnace operations in January 2026. The transition to EAF steelmaking is expected to reduce carbon emissions intensity by approximately 70% once fully operational, positioning Algoma as a leading producer of lower-carbon steel. The company introduced Voltaâ„¢, its new brand for EAF-produced steel.
06/04/2026, 5:30 PM • GlobeNewswire
Roshel Algoma Defence Partnership to Strengthen Canada’s Defence Industrial Base
Algoma Steel Group Inc. and Roshel Inc. have formed Roshel Algoma Defence Solutions Inc., a joint venture to establish a Canadian Centre of Excellence for Ballistic Steel Production. The partnership aims to deliver sovereign ballistic steel defence solutions with full-cycle capabilities including fabrication, forming, welding, and machining. The venture is positioned to support Canadian defence procurements including Light Utility Vehicles, the DAME program, and naval vessels, while creating over 500 manufacturing jobs.
04/07/2026, 3:00 PM • GlobeNewswire
Algoma Steel Group Inc. to Announce 2025 Fourth Quarter and Full Year Results March 11, 2026
Algoma Steel Group Inc. announced it will release its 2025 fourth quarter and full year financial results on March 11, 2026, followed by a webcast and conference call on March 12, 2026. The company continues its transition to electric arc furnace (EAF) steelmaking, which is expected to reduce carbon emissions by approximately 70% once fully transitioned.
02/26/2026, 5:30 PM • GlobeNewswire
Algoma Steel Group, Inc. Announces Leadership Transition
Algoma Steel Group announces a planned leadership transition, with CFO Rajat Marwah succeeding Michael Garcia as CEO on January 1, 2026, as part of a comprehensive succession planning process. Michael Moraca will be promoted to CFO, marking a strategic leadership change for the company.
10/29/2025, 5:00 PM • GlobeNewswire
Algoma Steel Group Reports Financial Results for the Third Quarter 2025
Algoma Steel reported significant financial challenges in Q3 2025, including a $485.1 million net loss, impacted by U.S. trade tariffs and market headwinds. The company is accelerating its electric arc furnace transformation and secured $500 million in government liquidity support to navigate current market conditions.
10/29/2025, 5:00 PM • GlobeNewswire
Algoma Steel Group Inc. Reports Financial Results for the Second Quarter 2025
Algoma Steel reported a net loss of $110.6 million in Q2 2025, experiencing significant challenges from tariffs, weak steel market demand, and pricing pressures. The company achieved its first electric arc furnace steel production, marking a key milestone in its green steel transformation strategy.
07/29/2025, 5:30 PM • GlobeNewswire
Algoma Steel Announces Conference Call and Provides Guidance for the Second Quarter 2025
Algoma Steel expects to ship approximately 472,000 tons of steel in Q2 2025, with an Adjusted EBITDA range of ($30) million to ($35) million. The company has achieved first arc and first steel production from its electric arc furnace project, signaling progress in its transformation to a greener steel producer.
07/15/2025, 5:30 PM • GlobeNewswire
Algoma Steel Group Inc. Announces Results of Voting at Annual Meeting of Shareholders
Algoma Steel Group Inc. announced the results of its annual meeting of shareholders, with all director nominees being elected and the appointment of Deloitte LLP as the company's auditor for 2025 being approved. The company also reported that a non-binding advisory resolution on executive compensation was approved by a majority of votes.
06/24/2025, 5:30 PM • GlobeNewswire
Peers
Statistics
MoreInformation as of 06/23/2026
Company Profile
Algoma Steel Group Inc. produces and sells steel products in Canada, the United States, and internationally. The company offers flat/sheet steel products, including temper rolling, cold rolled, hot-rolled pickled and oiled products, floor plate, and cut-to-length products for the automotive industry, hollow structural tube product manufacturers, and the light manufacturing and transportation industries; and plate steel products consisting of rolled, hot-rolled, and heat-treated for use in the construction or manufacture of railcars, buildings, bridges, off-highway equipment, storage tanks, ships, armored products for military applications, diameter pipelines, and wind energy generation equipment. It also provides by-products, such as furnace and buckwheat coke, braize coke, and flue dust; high sulpur beach and kish iron, BOF pit grissly and scrap, BOF and pellet fines, and mill roll scale; light oil and coal tar; granulated and air cooled slag; and machine shop turnings, used mill rolls, recycled oil, non-ferrous metal, and lime fines. The company was founded in 1901 and is headquartered in Sault Sainte Marie, Canada.
Key Executives
- Michael Moraca
- Michael Panzeri
- Rajat Marwah
- John Ralph Naccarato
- Chris Ford
Current Ownership Distribution
- Institutions1.4B (95.93%)
- Mutual Funds58.0M (4.07%)
- Insiders0 (0.00%)
- Other0 (0.00%)