CEO of the Year: Algoma's man of steel, Mike Garcia [Globe and Mail, The (Toronto, Canada)]
Algoma Steel Group Inc. (ASTL)
Company Research
Source: Globe and Mail, The
Before Trump launched his trade war, 60% of Algoma's $2.8 billion in revenue had come from U.S. customers. The president's original 25% tariff, imposed in March, had blown a giant hole in that business. Now, what was left would be going to zero. “My first reaction was, you've killed the company,” says Garcia. “We're done. We're done. There's nothing we can do to pivot.” Back in Canada, as the days turned to weeks and then to months, Garcia realized that Trump wasn't backing down and maybe never would. He and his team debated and agonized over disparate operational scenarios, all in a bid to save Algoma from certain death. The project, fittingly for a steel company, was codenamed “Superman,” with Garcia himself emerging as the Man of Steel. Though the odds were heavily stacked against the 123-year-old steelmaker, over the next few months, Garcia and his team would achieve the near-impossible: securing half a billion dollars in emergency funding, goading the federal government into
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ASTL
News
- Steelworkers condemn Algoma’s heartless holiday job cuts [Canadian Business Journal (Canada)]Canadian Business Journal
- Steelworkers condemn Algoma's heartless holiday job cuts [Yahoo! Finance]Yahoo! Finance
- Small caps to watch: D2L earnings preview, deals from EQB and Canfor, Tecsys earnings and more [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- A worker is shown at Algoma Steel in Sault Ste. Marie, Ontario on Friday, April 25, 2025. THE CANADIAN PRESS/Sean Kilpatrick [BNN Bloomberg (Canada)]BNN Bloomberg
- Algoma Steel CEO: Feds knew about plans for layoffs before giving $400M loan [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