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)]
Algoma Steel Group Inc. (ASTL)
Company Research
Source: BNN Bloomberg
“What I know is that without federal support, Algoma would not be in the position that they are today,” Finance Minister Francois-Philippe Champagne said while speaking to reporters on Parliament Hill on Wednesday. “What we needed to do was to make sure we support Algoma, first for the workers and secondly, for pivoting to a different technology.” Champagne's comments come after Algoma Steel CEO Michael Garcia told CTV's Power Play on Tuesday that both levels of government knew the company's business plan included a re-tooling of its Sault Ste. Marie plant that would result in layoffs before they agreed to half a billion dollars in loan assistance to help the company weather the storm of U.S. tariffs. “It knows the pivot that we had to make. It knew very well the extreme pressure the company was under. I don't think anybody would loan the company half a billion dollars without asking very detailed questions about what our business plan was,” Garcia told host Vassy Kapelos. Ga
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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
- 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