ASTL
Algoma Steel Group Inc. · Materials · Steel
Last
$3.71
−$0.09 (−2.50%) 4:00 PM ET
After hours $3.72 +$0.02 (+0.40%) 8:29 AM ET
Prev close $3.80
Open $3.78
Day high $3.78
Day low $3.63
Volume 531,342
Avg vol 834,233
Mkt cap
$400.48M
Sector
Materials
AI report sections
ASTL
Algoma Steel Group Inc.
No AI report section text found yet for this symbol.
Volume vs average
Intraday (cumulative)
−29% (Below avg)
Vol/Avg: 0.71×
RSI
37.11 (Weak)
Weak (30–40)
MACD momentum
Intraday
-0.00 (Weak)
MACD: 0.01 Signal: 0.01
Short-Term
+0.00 (Strong)
MACD: -0.30 Signal: -0.31
Long-Term
-0.04 (Weak)
MACD: -0.39 Signal: -0.35
Intraday trend score 54.00

Latest news

ASTL 12 articles Positive: 7 Neutral: 1 Negative: 4
Positive GlobeNewswire Inc. • Na
Algoma Steel Group Inc. to Announce 2026 Second Quarter Results July 29, 2026

Algoma Steel Group Inc. announced that it will release its 2026 second quarter financial results on July 29, 2026, followed by a webcast and conference call on July 30, 2026. The company continues its transformation to electric arc furnace (EAF) steelmaking, which is expected to reduce carbon emissions by approximately 70% once fully transitioned.

ASTL ASTLW Q2 2026 earnings electric arc furnace carbon emissions reduction sustainable steelmaking Volta brand decarbonization
Sentiment note

The company is executing a major industrial decarbonization initiative with expected 70% carbon emission reductions, launching a new sustainable brand (Volta), and continuing investment in modernization and diversification projects. These strategic initiatives demonstrate forward momentum and commitment to sustainable operations.

Negative GlobeNewswire Inc. • United Steelworkers Union (Usw)
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.

ASTL ASTLW Canadian Ombudsperson for Responsible Enterprise corporate accountability human rights abuses labour rights Canadian companies independent investigation
Sentiment note

CEO received $6.8 million compensation while the company laid off 1,000 workers and reported billion-dollar losses, demonstrating poor corporate governance and executive accountability.

Negative GlobeNewswire Inc. • Syndicat Des Métallos
Le Syndicat des Métallos condamne la décision d’abolir le poste d’ombudsman canadien de la responsabilité des entreprises

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.

ASTL ASTLW ombudsman corporate accountability human rights violations labor rights Canadian companies supply chain responsibility
Sentiment note

CEO received $6.8 million compensation while company laid off 1,000 workers and reported billion-dollar losses, demonstrating misaligned executive compensation practices.

Positive GlobeNewswire Inc. • Na
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 Volta™, its new brand for EAF-produced steel.

ASTL ASTLW Electric Arc Furnace decarbonization sustainability steel production emissions reduction Volta steel
Sentiment note

The company successfully completed a major industrial transformation with the commissioning of its first EAF unit and decommissioning of legacy blast furnace operations. The transition is expected to reduce carbon emissions by ~70%, positioning Algoma as a leading green steel producer. Record plate sales of 116,000 NT were achieved, and the company is on track for EAF Unit 2 commissioning in 2026, demonstrating strong operational execution and market positioning.

Positive GlobeNewswire Inc. • Na
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.

ASTL ASTLW ballistic steel defence manufacturing joint venture Canadian sovereignty armoured vehicles defence procurement
Sentiment note

The joint venture represents a strategic expansion into the high-margin defence sector, leverages existing production capacity, supports the company's EAF transition narrative, and aligns with government defence spending initiatives. The partnership is expected to create 500+ jobs and strengthen domestic supply chains.

Positive GlobeNewswire Inc. • Na
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.

ASTL ASTLW financial results Q4 2025 electric arc furnace EAF steelmaking carbon emissions reduction Volta brand
Sentiment note

The company is progressing with its major EAF transformation initiative expected to reduce emissions by 70%, introducing the Volta brand for sustainable steel products, and maintaining operations in critical sectors. The announcement of scheduled financial results and strategic partnerships (referenced in article snippets) indicates ongoing business activity and confidence in operations.

Negative GlobeNewswire Inc. • Algoma Steel Group Inc.
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.

ASTL ASTLW steel production electric arc furnace tariffs financial results decarbonization
Sentiment note

Reported substantial net loss of $485.1 million, significant impairment loss of $503.4 million, reduced steel shipments, tariff impacts, and challenging market conditions

Positive GlobeNewswire Inc. • Algoma Steel Group Inc.
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.

ASTL ASTLW leadership transition succession planning steel production electric arc furnace CEO succession
Sentiment note

The article describes a well-planned, smooth leadership transition with positive language from the Board Chair and outgoing CEO, highlighting the company's strategic growth and transformation in sustainable steel production

Negative GlobeNewswire Inc. • Michael Garcia (Ceo)
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.

ASTL ASTLW steel production electric arc furnace tariffs financial results green steel
Sentiment note

Experienced substantial financial losses, faced significant tariff challenges (up to 50% on steel exports), reported decreased revenue, reduced shipment volumes, and suspended quarterly dividend due to market uncertainties

Neutral GlobeNewswire Inc. • Michael Moraca
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.

ASTL ASTLW steel production electric arc furnace financial guidance sustainability
Sentiment note

While the company is experiencing financial losses and macroeconomic challenges, it is making strategic progress with its electric arc furnace project and positioning itself as a green steel producer, resulting in a balanced sentiment

Positive GlobeNewswire Inc. • Globe Newswire
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.

ASTL ASTLW Algoma Steel Group Inc. annual meeting director nominees auditor appointment executive compensation
Sentiment note

The article reports on the successful completion of Algoma Steel's annual meeting, with all director nominees being elected and the appointment of the auditor and approval of the executive compensation resolution, indicating the company is operating smoothly and meeting its governance obligations.

Positive GlobeNewswire Inc. • N/A
Algoma Steel Releases 2024 Sustainability Report

Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) announced the release of its 2024 Sustainability Report, highlighting progress in sustainability, governance, and operational reliability. The company is nearing completion of its Electric Arc Furnace (EAF) project, which is expected to reduce carbon emissions by approximately 70%, positioning Algoma to be a Canadian producer of green steel.

ASTL ASTLW Algoma Steel Group sustainability carbon emissions green steel
Sentiment note

The article highlights Algoma's progress in sustainability, governance, and operational reliability, as well as its upcoming EAF project that is expected to significantly reduce carbon emissions and position the company as a producer of green steel. These developments suggest a positive outlook for the company.

News and sentiment labels describe article tone and are provided for research purposes only. They are not trading recommendations or forecasts.
Trade Ranks, LLC is not a registered investment adviser or broker-dealer. All rankings and AI reports are for informational and educational purposes only and are not personalized advice. Investing involves risk. Policy Portal