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The latest announcement is out from Algoma Steel Group ( (TSE:ASTL) ).
On September 18, 2025, Algoma Steel Group Inc. announced an increase in its asset-based revolving credit facility from US$300 million to US$375 million, with the additional funding provided by Export Development Canada. This move is part of Algoma’s broader liquidity initiatives aimed at strengthening its financial position amidst challenging market conditions, including tariffs. The expansion of the credit facility reflects confidence in Algoma’s strategic shift towards Electric Arc Furnace steelmaking and its long-term competitiveness as a sustainable steel producer.
The most recent analyst rating on (TSE:ASTL) stock is a Buy with a C$13.00 price target. To see the full list of analyst forecasts on Algoma Steel Group stock, see the TSE:ASTL Stock Forecast page.
Spark’s Take on TSE:ASTL Stock
According to Spark, TipRanks’ AI Analyst, TSE:ASTL is a Neutral.
The overall stock score for Algoma Steel Group is heavily influenced by substantial financial challenges and weak technical indicators. The company’s negative profitability metrics and declining revenue are significant concerns. Additionally, the technical analysis suggests bearish momentum, further impacting the score. Although the dividend yield provides some reassurance, the negative P/E ratio indicates ongoing earnings difficulties, resulting in an overall cautious outlook.
To see Spark’s full report on TSE:ASTL stock, click here.
More about Algoma Steel Group
Algoma Steel Group Inc., based in Sault Ste. Marie, Ontario, Canada, is a fully integrated producer of hot and cold rolled steel products, including sheet and plate. The company serves various sectors such as automotive, construction, energy, defense, and manufacturing, and is the only producer of discrete plate products in Canada. Algoma is known for its Direct Strip Production Complex, which is one of the lowest-cost producers of hot rolled sheet steel in North America. The company is undergoing a transformation to adopt electric arc technology to reduce carbon emissions and become a leading producer of green steel.
Average Trading Volume: 453,219
Technical Sentiment Signal: Sell
Current Market Cap: C$665.3M
For an in-depth examination of ASTL stock, go to TipRanks’ Overview page.