Algoma Steel CEO sees ‘tremendous opportunity' in steel plate amid trade war [BNN Bloomberg (Canada)]
Algoma Steel Group Inc. (ASTL)
Company Research
Source: BNN Bloomberg
Ottawa moved Wednesday on reciprocal dollar-for-dollar tariffs on U.S. steel and aluminum imports, responding to U.S. President Trump's 25 per cent tariffs on steel and aluminum. The countermeasures came into effect shortly after midnight Thursday. In an interview with BNN Bloomberg Thursday, Algoma Steel CEO Michael Garcia said the company may benefit from increasing pricing amid the trade war. However, he said he wishes the gains were based on “economic growth and real drivers of steel demand rather than uncertainty around tariffs and people laying in larger inventory or securing more steel because they weren't certain what was going to happen with tariffs.” “But nevertheless, increasing pricing has benefited us and more importantly, what's happening in the Canadian steel market is very important with the announcement yesterday of the Canadian government's tariff on U.S. steel imports, that's very important to us,” he said. Specifically, Garcia highlighted that Algoma is the
Show less
Read more
Impact Snapshot
Event Time:
ASTL
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
ASTL alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
ASTL alerts
High impacting Algoma Steel Group Inc. news events
Weekly update
A roundup of the hottest topics
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