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Algoma Steel Group/$ASTL

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About Algoma Steel Group

Algoma Steel Group Inc is a fully integrated steel producer of hot and cold rolled steel products, including coiled sheet and plate, strategically located. The firm operates in a single segment of basic steel production including sheets, plates, slabs, and freights. The company's revenue is generated from contracts to produce, ship, and deliver steel products Geographically it serves Canada, the United States, and the rest of the world, whilst driving key revenue from United States. The company generates the majority of its revenue from the sale of Steel sheets and strips.
Ticker
$ASTL
Sector
Materials
Primary listing
NASDAQ
Employees
2,400
Headquarters
Sault Sainte Marie, Canada
Website
algoma.com

ASTL Metrics

BasicAdvanced
$610M
-
-$4.84
1.65
-

What the Analysts think about ASTL

Analyst ratings (Buy, Hold, Sell) for Algoma Steel Group stock.
Analyst projections of the future price of Algoma Steel Group stock.

Bulls say / Bears say

The second EAF produced its first steel on 9 October and is ramping up; management expects fourth-quarter shipments to rise 25–35% from Q3. Higher volumes could improve fixed-cost absorption. (Algoma Steel)
Algoma is Canada’s only discrete-plate producer, and plate made up 73% of Q3 shipments. Average net sales realisation rose to C$1,510 per ton, up 11% quarter on quarter, as higher prices and a greater plate share lifted revenue per ton. (Algoma Steel)
With construction of Unit Two complete, Algoma had about C$428m of total available liquidity at 30 September. That buffer gives it room to fund the ramp-up and manage near-term volatility. (Algoma Steel)
The 50% U.S. steel tariff continues to restrict Algoma’s export market: U.S. shipments fell to 24% of total shipments from 50% a year earlier. The pivot has reduced access to an important customer base, despite lowering direct tariff costs. (Algoma Steel)
Q3 shipments fell 65.5% year on year and revenue more than halved during the move to EAF-only production. Adjusted EBITDA was still negative C$13.9m, excluding C$53.1m of capacity-utilisation costs. (Algoma Steel)
Q3 operating cash flow was C$78.6m, but included C$163.9m of tax-refund receipts; Algoma also received C$124.5m in government-loan advances. This leaves recurring cash generation and financing needs as important risks. (Algoma Steel)
Data summarised monthly by Lightyear AI. Last updated on 6 Nov 2026.

ASTL Financial Performance

Revenues and expenses
Income statement
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
Net income
Profit margin

ASTL Earnings Performance

Company profitability
Earnings per share
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
Expected
Surprise
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