Canada strikes back: Ottawa boosts steel and aluminum investment to counter US tariffs [Wealth Professional (Canada)]
Algoma Steel Group Inc. (ASTL)
Company Research
Source: Wealth Professional
Canada is prioritizing investments in projects that primarily use Canadian steel and aluminum as part of its response to the US-imposed tariffs. Industry Minister François-Philippe Champagne announced the move on Wednesday, stating that it addresses the “unfair and unjustified” 25 percent tariffs on steel and aluminum imposed by US President Donald Trump. The tariffs, which took effect the day before, prompted Canada to implement its own 25 percent tariffs on US$29.8bn worth of American goods, beginning just after midnight Thursday. Champagne emphasized that Canadian steel and aluminum play a key role in supporting US industries, particularly defence and automotive manufacturing. “They are also essential for securing our collective energy future and generate high-quality jobs on both sides of the border,” he said in a statement published Thursday morning. Canada remains the largest US supplier of both steel and aluminum , with about a quarter of all steel used in the US bei
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ASTL
News
- Canada plow-maker can't clear path through Trump tariffs [BNN Bloomberg (Canada)]BNN Bloomberg
- Canada plow-maker can't clear path through Trump tariffs [Yahoo! Finance]Yahoo! Finance
- Securing Arctic sovereignty [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- United Steelworkers & CSTEC launch Steelworker POWER Action Centre in Sault Ste. Marie [Canadian Business Journal (Canada)]Canadian Business Journal
- Jobs minister says Algoma Steel loan about ‘saving the furniture' [BNN Bloomberg (Canada)]BNN Bloomberg
ASTL
Earnings
- 10/29/25 - Miss
ASTL
Sec Filings
- 12/2/25 - Form 6-K
- 12/1/25 - Form 6-K
- 11/20/25 - Form SCHEDULE
- ASTL's page on the SEC website