Trump's ‘tariff shock' forced layoffs, Algoma Steel CEO says [BNN Bloomberg (Canada)]
Algoma Steel Group Inc. (ASTL)
Company Research
Source: BNN Bloomberg
“Yesterday was an incredibly difficult day for Algoma Steel and for Sault Ste. Marie — most of all for the workers and their families who received a four-month notice,” Garcia said in a statement. “Their stability and well-being remain foremost in our minds.” Access to the U.S. market was “shattered six months ago” when U.S. President Donald Trump imposed 50 per cent tariffs on steel imports, he said. The decision meant “effectively closing off a market that has been essential to our viability for generations and rendering traditional blast-furnace steelmaking no longer viable,” Garcia continued. “This sudden loss of access forced a fundamental shift in our competitive reality. Algoma's response is not simply to ‘pivot,' but to accelerate a strategy that has been years in the making: transforming Algoma into a lower-cost, more flexible and more resilient steelmaker built for the future of the Canadian market.” “A strong Canadian steel industry requires a strong Canadian mar
Show less
Read more
Impact Snapshot
Event Time:
ASTL
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
ASTL alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
ASTL alerts
High impacting Algoma Steel Group Inc. news events
Weekly update
A roundup of the hottest topics
ASTL
News
- Terence Corcoran: Forget Algoma. Here's the real economic story [Yahoo! Finance Canada]Yahoo! Finance Canada
- 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
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