Algoma Steel foresees challenges, opportunity from trade war as it works to cut costs [Yahoo! Finance Canada]
Algoma Steel Group Inc. (ASTL)
Company Research
Source: Yahoo! Finance Canada
Algoma Steel Group Inc. CEO Michael Garcia says his company is also in the midst of "aggressive" cost cuts as it copes with uncertainty from the ongoing trade war. Ottawa says it will prioritize investments in projects that primarily use Canadian steel and aluminum as part of its response to the 25 per cent tariffs on American imports of those materials levied by U.S. President Donald Trump on Wednesday. Canada countered Trump's move with 25 per cent tariffs on $29.8 billion worth of American goods, which took effect just after midnight Thursday. Garcia says that although he expects the tariffs to pose a "significant challenge" for Algoma, the company could have an opportunity to increase sales in the domestic market as Canadian imports of U.S. steel decline. On Wednesday, the Sault Ste. Marie, Ont., company reported a net loss of $66.5 million in its third and final quarter, due to a change in its fiscal year, compared with a loss of $84.8 million a year earlier. This repo
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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