No new auto plants but here's what else Germany and South Korea are offering in their submarine bids [BNN Bloomberg (Canada)]
Algoma Steel Group Inc. (ASTL)
Company Research
Source: BNN Bloomberg
CTV News has learned how the proposals will be evaluated and details about what the bids will contain. Tens of billions of dollars in economic incentives are attached to the bids, but according to both German and Korean sources, neither proposal will contain an offer to build a car assembly plant in Canada, despite diplomatic pressure from Industry Minister Melanie Joly to attach autos to a sub deal. The requests for proposals (RFP) are now in the hands of Defence Investment Agency CEO Doug Guzman for assessment. Then it will be up to cabinet to decide the winner. Multiple government and private sector sources have told CTV News that a decision is expected to be announced in June before Parliament's summer break. The federal government wants to purchase up to 12 conventional, diesel-electric powered submarines to replace its aging fleet. The first one must be delivered by 2035, if not sooner. Both TKMS's Type 212CD and Hanwha's KSS-III submarines meet the technical requirem
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ASTL
News
- Algoma Steel Group Inc. to Announce 2025 Fourth Quarter and Full Year Results March 11, 2026 [Canadian Business Journal (Canada)]Canadian Business Journal
- Algoma Steel Group Inc. to Announce 2025 Fourth Quarter and Full Year Results March 11, 2026 [Yahoo! Finance]Yahoo! Finance
- Algoma Steel Group Inc. to Announce 2025 Fourth Quarter and Full Year Results March 11, 2026GlobeNewswire
- Stay Cautious On Algoma Steel, But Watch For Early Signs Of Recovery [Seeking Alpha]Seeking Alpha
- Innovation below the surface could reinvent Canada's naval presence [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
ASTL
Earnings
- 10/29/25 - Miss
ASTL
Sec Filings
- 2/27/26 - Form 6-K
- 2/17/26 - Form SCHEDULE
- 2/12/26 - Form SCHEDULE
- ASTL's page on the SEC website