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 7,321 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
Based on 5 articles about ASTL published over the past 30 days
Neutral
GlobeNewsWire
5 hours ago
Algoma Steel Group Inc. Announces Filing of Base Shelf Prospectus
SAULT STE. MARIE, Ontario, July 18, 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 it has filed a base shelf prospectus dated July 18, 2025 (the “Base Shelf Prospectus”) with the Ontario Securities Commission, relying on the “well-known seasoned issuer” exemption, and a corresponding shelf registration statement on Form F-10 (the “Registration Statement”) with the United States Securities and Exchange Commission (the “SEC”). These filings will allow the Company, if it chooses, to make offerings of common shares, preferred shares, debt securities, subscription receipts, units and warrants (collectively, the “Securities”) of the Company, or any combination thereof, in all of the provinces and territories of Canada (other than Quebec) and in the United States for a period of 25 months.
Neutral
GlobeNewsWire
2 days ago
Algoma Steel Announces Conference Call and Provides Guidance for the Second Quarter 2025
SAULT STE. MARIE, Ontario, July 15, 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 second quarter financial results after the market closes on Tuesday, July 29, 2025. A webcast and conference call will be held on Wednesday, July 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. The Company also provided guidance for its quarter ended June 30, 2025. Unless otherwise specified, all amounts are in Canadian Dollars.
Positive
Zacks Investment Research
4 days ago
Algoma Achieves First Steel Production at Unit One of EAF Project
ASTL begins steel production at Canada's largest industrial decarbonization project, launching its low-emission Volta product line.
Neutral
GlobeNewsWire
1 week ago
Algoma Steel Announces First Arc and First Steel Production from its New Electric Arc Furnace Unit One
SAULT STE. MARIE, Ontario, July 10, 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 that it has achieved its first steel production at Unit One of its new, state-of-the-art electric arc furnace (“EAF”) project. The milestone follows over ten days of successful electric arc testing and tuning, including individual and tandem tests of all nine Q-One transformer modules.
Neutral
GlobeNewsWire
3 weeks ago
Algoma Steel Group Inc. Announces Results of Voting at Annual Meeting of Shareholders
SAULT STE. MARIE, Ontario, June 24, 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 the results of voting at its annual meeting of shareholders (the “Meeting”) held on June 24, 2025.
Neutral
GlobeNewsWire
1 month 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
2 months 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
2 months 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
2 months 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
4 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.
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