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Algoma Steel Group ( (TSE:ASTL) ) has provided an update.
On July 15, 2025, Algoma Steel Group Inc. announced its second quarter financial results for 2025, expecting total steel shipments of approximately 472,000 tons and an Adjusted EBITDA ranging from (30) million to (35) million. Despite macroeconomic uncertainties and tariff policies affecting the sector, Algoma is progressing with its transformation into a greener steel producer, having achieved first arc and steel production from its electric arc furnace project. This strategic shift is anticipated to strengthen its position in the industry and offer a more sustainable steel supply for North America.
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 and valuation concerns, despite strong liquidity and strategic projects like the EAF transition. The company faces market uncertainties and profitability issues, impacting its short-term outlook.
To see Spark’s full report on TSE:ASTL stock, click here.
More about Algoma Steel Group
Algoma Steel Group Inc., headquartered 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 committed to environmental stewardship and is transitioning to electric arc furnace technology to become one of North America’s leading producers of green steel.
Average Trading Volume: 341,394
Technical Sentiment Signal: Hold
Current Market Cap: C$963.3M
See more data about ASTL stock on TipRanks’ Stock Analysis page.