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Algoma Steel Group ( (TSE:ASTL) ) has issued an announcement.
On June 4, 2025, Algoma Steel Group Inc. released its 2024 Sustainability Report, covering a nine-month period from April 1 to December 31, 2024. The report aligns with the company’s new calendar year financial reporting and highlights significant progress in sustainability, including advancements in risk management, governance, and operational reliability. Algoma is nearing the completion of its Electric Arc Furnace project, which is expected to reduce carbon emissions by approximately 70%, positioning the company as a leading producer of green steel in Canada. The report underscores Algoma’s commitment to transparency and long-term value creation.
The most recent analyst rating on (TSE:ASTL) stock is a Hold with a C$8.00 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.
Algoma Steel Group’s overall stock score reflects significant financial challenges, with declining revenue and negative profitability. Strategic initiatives like the EAF project offer potential for future improvement, but current technical and valuation metrics indicate ongoing difficulties.
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 leading 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 committed to sustainability and is modernizing its operations to become a leading producer of green steel in North America.
Average Trading Volume: 209,196
Technical Sentiment Signal: Sell
Current Market Cap: C$735.6M
Find detailed analytics on ASTL stock on TipRanks’ Stock Analysis page.