Canada plow-maker can't clear path through Trump tariffs [Yahoo! Finance]
Algoma Steel Group Inc. (ASTL)
Company Research
Source: Yahoo! Finance
But a year into President Donald Trump's trade war, some of those customers have been lost, with buyers unwilling to stomach higher prices forced by US tariffs on imported steel. "Adding an extra $500 (US$363) on the cost of a $10,000 plow, it's a huge hit," Schulz told AFP, as a heavy snow fell outside the company's factory in London, Ontario, 190 kilometers (120 miles) southwest of Toronto. "It's something we can't afford to just absorb and it's something that customers in the States don't want to pay," Schulz said on the factory floor, surrounded by racks of bright orange plows. With US sales falling, the company founded in 1969 is facing "very uncertain times," he said. - 'Global upheaval' - As the Trump administration heads towards its second year, the majority of US-Canada trade remains tariff free, with the president still broadly adhering to a North American free trade agreement. But Canada has been hit uniquely hard by Trump's global sectoral tariffs on steel, al
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ASTL
News
- Canada plow-maker can't clear path through Trump tariffs [BNN Bloomberg (Canada)]BNN Bloomberg
- 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
- Terence Corcoran: Forget Algoma. Here's the real economic story [Yahoo! Finance Canada]Yahoo! Finance Canada
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