Algoma Steel (ASTL)
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Algoma Steel Group Inc. to Announce 2025 Fourth Quarter and Full Year Results March 11, 2026
Globenewswire· 2026-02-26 22:30
Core Viewpoint - Algoma Steel Group Inc. is set to release its 2025 fourth quarter and full year financial results on March 11, 2026, with a subsequent conference call scheduled for March 12, 2026, to discuss these results and recent developments [1][2] Company Overview - Algoma Steel, based in Sault Ste. Marie, Ontario, is a prominent Canadian producer of high-quality plate and sheet steel products, serving critical sectors such as energy, defense, automotive, shipbuilding, and infrastructure [3] - The company is committed to sustainable steelmaking, aiming to build better lives and a greener future [3] Industry Transformation - Algoma is transitioning to electric arc furnace (EAF) steelmaking and modernizing its plate mill, which is one of the largest industrial decarbonization initiatives in North America, expected to reduce carbon emissions by approximately 70% once fully implemented [4] - This transformation is powered by Ontario's clean electricity grid, providing stability for ongoing investments in diversification projects aligned with Canada's evolving needs [4] Product Innovation - The company has introduced Volta™, a brand for all steel produced through its EAF technology, which offers the same performance as traditional products but with significantly lower emissions [5] - Algoma continues to invest in its workforce, processes, and technologies to enhance domestic supply chains and deliver responsible, Canadian-made steel [5]
Legato Merger (ASTL) Is Attractively Priced Despite Fast-paced Momentum
ZACKS· 2026-02-18 14:55
Momentum investors typically don't time the market or "buy low and sell high." In other words, they avoid betting on cheap stocks and waiting long for them to recover. Instead, they believe that "buying high and selling higher" is the way to make far more money in lesser time.Everyone likes betting on fast-moving trending stocks, but it isn't easy to determine the right entry point. These stocks often lose momentum when their future growth potential fails to justify their swelled-up valuation. In that phase ...
Has Almonty Industries Inc. (ALM) Outpaced Other Basic Materials Stocks This Year?
ZACKS· 2026-02-10 15:40
Group 1 - Almonty Industries Inc. (ALM) is a notable stock within the Basic Materials sector, which includes 254 companies and ranks 1 in the Zacks Sector Rank [2] - The Zacks Rank system, which focuses on earnings estimates and revisions, currently rates Almonty Industries Inc. as 2 (Buy) [3] - Almonty Industries has seen a significant increase in the Zacks Consensus Estimate for its full-year earnings, rising by 37.8% in the past quarter, indicating improved analyst sentiment [4] Group 2 - Year-to-date, Almonty Industries has returned approximately 68.3%, outperforming the average return of 19.8% for Basic Materials companies [4] - Almonty Industries belongs to the Mining - Miscellaneous industry, which has 73 stocks and ranks 46 in the Zacks Industry Rank, with an average gain of 21.3% this year [6] - Investors should monitor Almonty Industries and Algoma Steel Group Inc. as they are expected to maintain strong performance in the Basic Materials sector [7]
Legato Merger (ASTL) Shows Fast-paced Momentum But Is Still a Bargain Stock
ZACKS· 2026-02-02 14:55
Core Viewpoint - Momentum investing focuses on "buying high and selling higher" rather than traditional strategies of "buying low and selling high" [1] Group 1: Momentum Investing - Momentum investors often face challenges in determining the right entry point, as stocks may lose momentum when their valuations exceed future growth potential [2] - A safer approach involves investing in bargain stocks that exhibit recent price momentum, utilizing tools like the Zacks Momentum Style Score to identify such opportunities [3] Group 2: Algoma Steel Group Inc. (ASTL) - Algoma Steel Group Inc. (ASTL) has shown a price increase of 6.6% over the past four weeks, indicating growing investor interest [4] - The stock has gained 8.3% over the past 12 weeks, with a beta of 1.56, suggesting it moves 56% higher than the market [5] - ASTL has a Momentum Score of B, indicating a favorable time to invest based on momentum [6] - The stock has a Zacks Rank 1 (Strong Buy) due to upward revisions in earnings estimates, which attract more investors [7] - ASTL is trading at a Price-to-Sales ratio of 0.28, meaning investors pay only 28 cents for each dollar of sales, indicating a reasonable valuation [7] Group 3: Additional Investment Opportunities - Besides ASTL, there are other stocks that meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen, suggesting further investment opportunities [8] - The Zacks Premium Screens offer over 45 different strategies tailored to help investors find winning stock picks [9]
Algoma Steel and Hanwha Ocean Sign Binding Memorandum of Understanding (MOU) for Long-term Strategic Arrangement supporting Canadian Patrol Submarine Project
Globenewswire· 2026-01-26 17:30
Core Viewpoint - Algoma Steel Group Inc. has entered into a binding memorandum of understanding with Hanwha Ocean Co., Ltd. to support Canada's future submarine program with Canadian steel and expertise, representing a strategic partnership valued at approximately USD $250 million (CAD $345 million) [1][2]. Group 1: Strategic Partnership Details - The MOU includes a cash contribution of USD $200 million (CAD $275 million) for the potential development of a structural steel beam mill in Sault Ste. Marie, Ontario, and anticipated purchases of Algoma products valued at up to USD $50 million for the Canadian Patrol Submarine Project [2]. - The arrangement aims to strengthen Canada's domestic industrial base and support the operational needs of the Royal Canadian Navy, potentially creating new skilled jobs in Canada [3][5]. Group 2: Financial and Operational Commitments - Algoma will make annual payments to Hanwha Ocean for ten years, amounting to 3.0% of the net sales from the beam mill facility, contingent on its financial performance [4]. - The MOU is contingent upon Hanwha Ocean being awarded a contract under the Canadian Patrol Submarine Project and the execution of definitive agreements with Algoma [4]. Group 3: Industry Impact and Future Directions - This partnership aligns with Canada's Buy Canadian policy, promoting domestic supply chains and supporting industrial sovereignty and job creation in a global context [5]. - Algoma is transitioning to electric arc furnace steelmaking, which is expected to reduce carbon emissions by approximately 70% once fully operational, marking a significant step in industrial decarbonization in North America [10].
Here Is Why Bargain Hunters Would Love Fast-paced Mover Legato Merger (ASTL)
ZACKS· 2026-01-15 14:57
Core Viewpoint - Momentum investing focuses on "buying high and selling higher," contrasting with traditional strategies of "buying low and selling high" [1] Group 1: Momentum Investing Strategy - Momentum investing can be risky as stocks may lose momentum if future growth does not justify high valuations [1] - Identifying the right entry point for fast-moving stocks is challenging, and traditional momentum parameters may not always be reliable [1] Group 2: Bargain Stocks with Momentum - Investing in bargain stocks that have recently shown price momentum may be a safer strategy [2] - The Zacks Momentum Style Score is useful for identifying strong momentum stocks, while the 'Fast-Paced Momentum at a Bargain' screen helps find attractively priced fast-moving stocks [2] Group 3: Algoma Steel Group Inc. (ASTL) Analysis - Algoma Steel Group Inc. (ASTL) has shown a price increase of 7.8% over the past four weeks, indicating growing investor interest [3] - ASTL gained 4.7% over the past 12 weeks, demonstrating its ability to deliver positive returns over a longer timeframe [4] - The stock has a beta of 1.56, suggesting it moves 56% higher than the market in either direction, indicating fast-paced momentum [4] Group 4: Valuation and Earnings Estimates - ASTL has a Momentum Score of B, suggesting it is a favorable time to invest in the stock [5] - The stock has a Zacks Rank 1 (Strong Buy) due to upward revisions in earnings estimates, which typically attract more investors [6] - ASTL is trading at a Price-to-Sales ratio of 0.31, indicating it is relatively cheap at 31 cents for each dollar of sales [6] Group 5: Additional Investment Opportunities - ASTL is not the only stock that meets the 'Fast-Paced Momentum at a Bargain' criteria; other stocks are also available for consideration [7] - There are over 45 Zacks Premium Screens available to help identify winning stock picks based on various investing styles [8]
Algoma Steel Sees Q4 Loss on Tariffs and Blast Furnace Wind-Down
ZACKS· 2026-01-12 16:50
Core Insights - Algoma Steel Group Inc. (ASTL) has provided guidance for Q4 2025, expecting steel shipments of 375,000 to 380,000 tons and a negative adjusted EBITDA between C$95 million and C$105 million [1][7] Financial Performance - The company's results align with expectations, reflecting challenges from steel tariffs and the wind-down of blast furnace operations [2][7] - ASTL's stock has decreased by 48.8% over the past year, contrasting with the industry's growth of 45.2% [5] Operational Developments - The Electric Arc Furnace (EAF) project is operational six days a week, with the first unit running and the second unit on schedule [3][7] - The transition to EAF steelmaking is seen as a growth opportunity, with ongoing discussions to expand finishing capabilities [3] Industry Context - The EAF growth plan supports Canada's goal of enhancing domestic steelmaking capacity and reinforcing industrial competitiveness [3]
Algoma Steel Provides Guidance for the Fourth Quarter of 2025
Globenewswire· 2026-01-08 22:30
Core Insights - Algoma Steel Group Inc. provided guidance for its quarter ended December 31, 2025, indicating total steel shipments expected to be between 375,000 to 380,000 tons and Adjusted EBITDA anticipated to be in the range of negative $95 million to negative $105 million [2][3] Group 1: Financial Performance - Total steel shipments for the quarter are projected to be between 375,000 to 380,000 tons [2] - Adjusted EBITDA is expected to be between negative $95 million to negative $105 million [2] Group 2: Operational Developments - The fourth-quarter results reflect the ongoing impact of steel tariffs and the wind-down of blast furnace operations, which are expected to conclude shortly [3] - The first unit of the Electric Arc Furnace (EAF) project is now operating six days a week, with the second unit on schedule [3] - The transition to EAF steelmaking is aligned with Canada's national interest, aiming to strengthen domestic steelmaking capacity and support critical infrastructure [3] Group 3: Sustainability Initiatives - The transition to EAF steelmaking is one of the largest industrial decarbonization initiatives in North America, expected to reduce carbon emissions by approximately 70% once fully transitioned [5] - Algoma is introducing Volta™, a brand for all steel produced through EAF technology, which promises lower emissions while maintaining performance [6] - The company continues to invest in its people, processes, and technologies to enhance domestic supply chains and produce responsible Canadian-made steel [6]
Algoma Steel Completes $500 Million Government Financing Transaction
Globenewswire· 2025-11-17 13:00
Core Viewpoint - Algoma Steel Group Inc. has successfully completed a $500 million financing transaction with the Governments of Canada and Ontario to strengthen its balance sheet and support its transition to Electric Arc Furnace (EAF) technology [1][2][4]. Financing Details - The financing consists of $400 million from the Canada Enterprise Emergency Funding Corporation (CEEFC) and $100 million from the Province of Ontario, with specific secured tranches included [2]. - Algoma has issued 6.77 million common share purchase warrants to CEEFC and Ontario, each exercisable at an exercise price of $11.08 for a 10-year term [2]. Strategic Importance - The seven-year facilities enhance Algoma's financial flexibility as it advances its EAF transformation and seeks to diversify its business [3]. - The financing is seen as a reinforcement of the partnership between Algoma and the government, enabling the company to navigate current market conditions effectively [4]. Operational Focus - The company plans to draw from the secured tranche first to provide immediate liquidity for operations and near-term transformation milestones [4]. - Algoma aims to maintain operational efficiency and cash generation while focusing on its plate-first commercial strategy [4]. Environmental Commitment - The transition to EAF technology is part of one of North America's largest industrial decarbonization initiatives, expected to reduce carbon emissions by approximately 70% [8]. - Algoma is committed to producing steel sustainably, with its new brand Volta representing steel made through EAF technology with significantly lower emissions [9]. Company Overview - Algoma Steel Group Inc. is a leading Canadian producer of high-quality plate and sheet steel products, supporting critical sectors such as energy, defense, automotive, shipbuilding, and infrastructure [7]. - The company is focused on building a greener future and shaping sustainable steelmaking in Canada [7].
Algoma Steel Completes $500 Million Government Financing Transaction
Globenewswire· 2025-11-17 13:00
Core Viewpoint - Algoma Steel Group Inc. has successfully completed a $500 million financing transaction with the Governments of Canada and Ontario to support its Electric Arc Furnace (EAF) transformation and enhance financial flexibility [1][4]. Financing Details - The financing consists of $400 million from the Canada Enterprise Emergency Funding Corporation (CEEFC) and $100 million from the Province of Ontario, with specific secured tranches included [2]. - Algoma issued 6.77 million common share purchase warrants to CEEFC and Ontario, each exercisable for one common share at an exercise price of $11.08 for a 10-year term [2]. Strategic Importance - The seven-year facilities are designed to strengthen Algoma's balance sheet and provide financial flexibility as the company advances its EAF transformation and seeks to diversify its business [3]. - The financing is expected to support operational efficiency, cash generation, and the company's plate-first commercial strategy [4]. Environmental Commitment - Algoma's transition to EAF technology is part of one of North America's largest industrial decarbonization initiatives, aiming to reduce carbon emissions by approximately 70% once fully transitioned [8]. - The new brand Volta™ will represent all steel produced through Algoma's EAF technology, emphasizing lower emissions and sustainable production [9]. Industry Position - Algoma is positioned as a leading Canadian producer of high-quality plate and sheet steel products, supporting critical sectors such as energy, defense, automotive, shipbuilding, and infrastructure [6]. - The company is committed to building a greener future and strengthening domestic supply chains through its modernization efforts [7].