One year later: Canadian steel producers desperate for Trump tariff relief [BNN Bloomberg (Canada)]
Algoma Steel Group Inc. (ASTL)
Company Research
Source: BNN Bloomberg
Exactly one year ago, U.S. President Donald Trump implemented a 25 per cent tariff on imported steel and aluminum products. The tariff was increased to 50 per cent in June 2025. President and CEO of the Canadian Steel Producers Association Catherine Cobden says it has been a “very tough” year for the steel industry. “Tariffs have been at 50 per cent for most of that year,” she said. “Obviously, that is a very devastating situation for the industry.” Cobden said that before the tariffs took effect, Canada's primary steel industry sent approximately six million tonnes of steel to the United States. That number has now dropped by about half with Canadian producers pivoting to focus on supplying customers and suppliers at home. “Many companies understand that the U.S. will never return in the manner that it was, but it's a question of time,” she said. “It's going to take a long time to offset the loss of the U.S. market. So, we really hope we can get access to the U.S. market bac
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- Algoma Steel (ASTL) Q4 2025 Earnings Transcript [Yahoo! Finance]Yahoo! Finance
ASTL
Earnings
- 3/11/26 - Miss
ASTL
Sec Filings
- 3/12/26 - Form 6-K
- 3/12/26 - Form 40-F
- 2/27/26 - Form 6-K
- ASTL's page on the SEC website