Algoma SteelASTL
ASTL
About: 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 domestic sales. The company generates the majority of its revenue from the sale of Steel sheets and strips.
Employees: 2,818
0
Funds holding %
of 7,296 funds
–
Analysts bullish %
Fund manager confidence
Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)
11% more call options, than puts
Call options by funds: $5.42M | Put options by funds: $4.89M
10% more repeat investments, than reductions
Existing positions increased: 43 | Existing positions reduced: 39
4% less funds holding
Funds holding: 135 [Q4 2024] → 130 (-5) [Q1 2025]
4.44% less ownership
Funds ownership: 78.14% [Q4 2024] → 73.7% (-4.44%) [Q1 2025]
13% less first-time investments, than exits
New positions opened: 20 | Existing positions closed: 23
36% less funds holding in top 10
Funds holding in top 10: 14 [Q4 2024] → 9 (-5) [Q1 2025]
43% less capital invested
Capital invested by funds: $798M [Q4 2024] → $454M (-$344M) [Q1 2025]
Research analyst outlook
We haven’t received any recent analyst ratings for ASTL.
Financial journalist opinion
Neutral
GlobeNewsWire
1 week ago
Algoma Steel Releases 2024 Sustainability Report
SAULT STE. MARIE, Ontario, June 04, 2025 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, today announced the release of its 2024 Sustainability Report (the “Report”), covering a nine-month transition period from April 1 to December 31, 2024. The reporting period aligns with our 2024 financial reporting period, which now corresponds to a calendar year to reflect a consistent approach to our industry peer reporting.
Neutral
Seeking Alpha
1 month ago
Algoma Steel Group Inc. (ASTL) Q1 2025 Earnings Call Transcript
Algoma Steel Group Inc. (NASDAQ:ASTL ) Q1 2025 Results Conference Call April 30, 2025 10:00 AM ET Company Participants Michael Moraca - Vice President, Corporate Development and Treasurer Michael Garcia - Chief Executive Officer Rajat Marwah - Chief Financial Officer Conference Call Participants Katja Jancic - BMO Capital Markets David Ocampo - Cormark Securities Ian Gillies - Stifel James McGarragle - RBC Capital Markets Operator Greetings. Welcome to Algoma Steel Group Incorporated First Quarter 2025 Earnings Call.
Neutral
GlobeNewsWire
1 month ago
Algoma Steel Group Reports Financial Results for the First Quarter 2025
Consolidated Revenue of $517.1 Million Shipments of 470K Tons, with an 11% Quarter over Quarter increase in Plate Product Shipments, at 91K Tons Net Loss of $24.5 Million and Adjusted EBITDA Loss of $46.7 Million, Including a $50 Million Insurance Proceeds Receivable First Steel Production from Transformative Electric Arc Furnace (“EAF”) Expected During Q2 2025 With no Material Change in Both Total Project Cost and 2025 EAF Production Expectations SAULT STE. MARIE, Ontario, April 29, 2025 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, today announced results for its first quarter ended March 31, 2025.
Neutral
GlobeNewsWire
1 month ago
Algoma Steel to Announce 2025 First Quarter Results April 29, 2025
SAULT STE. MARIE, Ontario, April 22, 2025 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, announced today that the Company will release its 2025 first quarter financial results after the market closes on Tuesday, April 29, 2025. A webcast and conference call will be held on Wednesday, April 30, 2025 at 11:00 a.m. Eastern Time to review the Company's results, discuss recent events, and conduct a question-and-answer session.
Neutral
Seeking Alpha
3 months ago
Algoma Steel Group Inc. (ASTL) Q3 2025 Earnings Call Transcript
Algoma Steel Group Inc. (NASDAQ:ASTL ) Q3 2025 Earnings Conference Call March 13, 2025 11:00 AM ET Company Participants Mike Moraca - Vice President, Corporate Development and Treasurer Michael Garcia - Chief Executive Officer Rajat Marwah - Chief Financial Officer Conference Call Participants David Ocampo - Cormark Securities Katja Jancic - BMO Capital Markets Ian Gillies - Stifel Operator Greetings, and welcome to Algoma Steel Group's Third Quarter 2025 Earnings Call. [Operator Instructions] As a reminder, this conference is being recorded.
Negative
WSJ
3 months ago
Algoma Steel Warns of Effects of Tariffs on Operations
The Canadian producer of hot- and cold-rolled-steel products said it is currently assessing the effect of the tariffs, after President Trump reinstated a blanket 25% tariff on steel imports.
Neutral
GlobeNewsWire
3 months ago
Algoma Steel Group Reports Financial Results for the Three and Nine Months Ended December 31, 2024
Calendar Fourth Quarter Results In-Line with Previously Announced Expectations Reaffirmed Outlook on Transformative Electric Arc Furnace (EAF) Project, Including First Arc in April SAULT STE. MARIE, Ontario, March 12, 2025 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, today announced results for the three and nine month periods ended December 31, 2024.
Negative
Reuters
3 months ago
Algoma Steel pauses exports of steel from Canada to US, CEO says
Algoma Steel has paused exports of steel from Canada to the United States until Thursday, when Canadian ministers are expected to meet their U.S. counterparts in Washington, CEO Michael Garcia said.
Negative
CNBC Television
3 months ago
Algoma Steel CEO: 25% steel tariff would cause serious concern if in place for a long time
Michael Garcia, Algoma Steel CEO, joins CNBC's 'Squawk on the Street' to discuss outlooks on trade, why his company has paused shipments to the U.S., and more.
Neutral
GlobeNewsWire
3 months ago
Algoma Steel to Announce Results for the Three and Nine Months Ended December 31, 2024 on March 12, 2025
SAULT STE. MARIE, Ontario, Feb. 27, 2025 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, announced today that the Company will release its financial results for the three and nine months ended December 31, 2024 after the market closes on Wednesday, March 12, 2025. As previously reported, the Company has changed its fiscal year end from March 31 to December 31, resulting in a nine month fiscal reporting period ending December 31, 2024. A webcast and conference call will be held on Thursday, March 13, 2025 at 11:00 a.m. Eastern Time to review the Company's results, discuss recent events, and conduct a question-and-answer session.
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