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ASTL 
Algoma Steel Group Inc (ASTL)
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Upturn Advisory Summary
01/06/2026: ASTL (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Number of Analysts
4 Analysts rated it
Very few follow this stock; limited insights, higher-risk early investing.
1 Year Target Price $20
1 Year Target Price $20
| 0 | Strong Buy |
| 3 | Buy |
| 1 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -0.6% | Avg. Invested days 31 | Today’s Advisory WEAK BUY |
Upturn Star Rating | Upturn Advisory Performance  3.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 01/06/2026 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 412.09M USD | Price to earnings Ratio - | 1Y Target Price 20 |
Price to earnings Ratio - | 1Y Target Price 20 | ||
Volume (30-day avg) 4 | Beta 1.56 | 52 Weeks Range 3.02 - 8.82 | Updated Date 01/4/2026 |
52 Weeks Range 3.02 - 8.82 | Updated Date 01/4/2026 | ||
Dividends yield (FY) 10.89% | Basic EPS (TTM) -1.03 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin -34.79% | Operating Margin (TTM) -26.86% |
Management Effectiveness
Return on Assets (TTM) -3.52% | Return on Equity (TTM) -10.4% |
Valuation
Trailing PE - | Forward PE 7.56 | Enterprise Value 951381187 | Price to Sales(TTM) 0.19 |
Enterprise Value 951381187 | Price to Sales(TTM) 0.19 | ||
Enterprise Value to Revenue 0.52 | Enterprise Value to EBITDA 94.58 | Shares Outstanding 104933802 | Shares Floating 74947919 |
Shares Outstanding 104933802 | Shares Floating 74947919 | ||
Percent Insiders 7.09 | Percent Institutions 79.98 |
Upturn AI SWOT
Algoma Steel Group Inc
Company Overview
History and Background
Algoma Steel Group Inc. was founded in 1901 in Sault Ste. Marie, Ontario, Canada. It has undergone several ownership changes and restructurings throughout its history. A significant milestone was its acquisition by Essar Steel in 2007. In 2017, it emerged from creditor protection under new ownership and rebranded as Algoma Steel Inc. In 2021, it completed a merger with Legato Merger Corp., becoming a publicly traded entity on the Nasdaq. The company is one of Canada's largest integrated steel producers.
Core Business Areas
- Hot Rolled Steel Products: Algoma Steel is a leading producer of hot-rolled steel coils and plates. These products are used in a wide range of industries, including automotive, construction, energy, and manufacturing. The company focuses on providing high-strength, low-alloy (HSLA) steels and weathering steels.
- Specialty Steel Products: Beyond standard hot-rolled products, Algoma offers specialized steel grades tailored to specific customer requirements. This includes products for demanding applications requiring specific metallurgical properties.
Leadership and Structure
Algoma Steel Group Inc. is led by a Board of Directors and an executive management team. Key positions include the Chief Executive Officer (CEO), Chief Financial Officer (CFO), and various heads of operations, sales, and human resources. The company operates primarily from its integrated steelmaking facility in Sault Ste. Marie, Ontario.
Top Products and Market Share
Key Offerings
- Hot-Rolled Steel Coils: These are a primary product, used in manufacturing, construction, and automotive sectors. Algoma competes with major North American steel producers like Nucor, Cleveland-Cliffs, and Steel Dynamics. Specific market share data for this product line is not publicly disclosed.
- Hot-Rolled Steel Plates: Used in heavy industries such as shipbuilding, mining equipment, and energy infrastructure. Competitors include similar large-scale plate producers across North America. Specific market share data is not publicly disclosed.
- High-Strength, Low-Alloy (HSLA) Steels: These advanced steels offer improved strength-to-weight ratios and are used in applications where durability and efficiency are paramount, such as in truck frames and construction beams. Competitors include specialized steel divisions of larger steelmakers. Specific market share data is not publicly disclosed.
Market Dynamics
Industry Overview
The steel industry is cyclical, influenced by global economic conditions, raw material costs (iron ore, coking coal), and demand from key end-use sectors like construction and automotive. North America has seen consolidation and a focus on technological advancements and specialty products to remain competitive. Environmental regulations and sustainability are also increasingly important factors.
Positioning
Algoma Steel is a significant player in the North American hot-rolled steel market, particularly for certain product categories like plates and specialized coils. Its integrated production facility in Canada provides a strategic advantage for serving Canadian markets and some U.S. regions. Its competitive advantages lie in its established customer relationships, product quality, and its ability to produce specialty grades.
Total Addressable Market (TAM)
The North American steel market is substantial, with annual demand for finished steel products in the tens of millions of tons, valued in the hundreds of billions of dollars. Algoma Steel operates within segments of this market. While its precise share of the total addressable market is not explicitly stated, it is a notable producer within its niche product offerings and geographic focus.
Upturn SWOT Analysis
Strengths
- Integrated steelmaking facility enabling end-to-end production control.
- Strong customer relationships in key industries.
- Capability to produce specialized and high-strength steel grades.
- Strategic location serving Canadian and parts of the U.S. markets.
- Experienced workforce and operational expertise.
Weaknesses
- Reliance on cyclical commodity markets.
- Capital-intensive nature of steel production requiring significant investment.
- Aging infrastructure in certain areas of the plant, requiring ongoing modernization.
- Competition from larger, more diversified global steel producers.
Opportunities
- Growing demand for advanced high-strength steels in automotive and construction.
- Potential for expansion into new geographic markets or product lines.
- Leveraging of new technologies and automation to improve efficiency and reduce costs.
- Increased infrastructure spending in North America driving demand for steel.
- Transition to electric arc furnace (EAF) technology for greener steel production.
Threats
- Volatility in raw material prices.
- Intense competition and pricing pressures from domestic and international producers.
- Economic downturns impacting demand from key sectors.
- Trade policies and tariffs affecting market access and costs.
- Environmental regulations and the cost of compliance.
Competitors and Market Share
Key Competitors
- Nucor Corporation (NUE)
- Cleveland-Cliffs Inc. (CLF)
- Steel Dynamics, Inc. (STLD)
Competitive Landscape
Algoma Steel faces strong competition from larger, more diversified North American steel producers. Its advantages lie in its integrated facility and ability to produce specialized steels. However, competitors like Nucor and Steel Dynamics have extensive EAF operations and broader market reach. Cleveland-Cliffs is a major integrated producer with a strong position in automotive and flat-rolled steel. Algoma's success depends on its ability to differentiate through product quality, customer service, and efficient, modern production processes.
Growth Trajectory and Initiatives
Historical Growth: Algoma Steel's historical growth has been tied to the expansion and modernization of its facilities and its ability to adapt to market demands. Significant growth phases occurred with major investments in its integrated mill. Post-restructuring and IPO, growth has focused on operational efficiency, product innovation, and market penetration.
Future Projections: Future growth projections for Algoma Steel are influenced by anticipated demand in its core end markets, its ability to execute its modernization strategies (e.g., the transition to EAF), and its capacity to produce higher-value products. Analyst estimates typically consider macro-economic trends and industry-specific forecasts.
Recent Initiatives: Recent strategic initiatives have focused on modernization projects, including the transition to electric arc furnace (EAF) technology to improve environmental performance and reduce operating costs, enhancing its product portfolio, and securing long-term customer agreements.
Summary
Algoma Steel Group Inc. is a significant integrated steel producer in North America with a history of production and a focus on hot-rolled steel products. Its strengths lie in its integrated operations and specialized product capabilities, while it faces challenges from market cyclicality and competition. Recent initiatives toward modernization, including EAF technology, aim to improve efficiency and sustainability. Continued success will depend on navigating industry cycles, managing input costs, and capitalizing on demand for advanced steel products.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Company Investor Relations and SEC Filings (e.g., 10-K, 10-Q)
- Industry Analysis Reports
- Financial News and Data Providers (e.g., Bloomberg, Refinitiv)
Disclaimers:
This JSON output is generated for informational purposes only and does not constitute financial advice. Market share data is estimated and may not be precise. Financial performance and future projections are subject to change based on market conditions and company performance. Investors should conduct their own due diligence before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Algoma Steel Group Inc
Exchange NASDAQ | Headquaters Sault Ste. Marie, ON, Canada | ||
IPO Launch date 2021-10-20 | CEO - | ||
Sector Basic Materials | Industry Steel | Full time employees 2818 | Website https://algoma.com |
Full time employees 2818 | Website https://algoma.com | ||
Algoma Steel Group Inc. produces and sells steel products in Canada, the United States, and internationally. The company offers flat/sheet steel products, including temper rolling, cold rolled, hot-rolled pickled and oiled products, floor plate, and cut-to-length products for the automotive industry, hollow structural product manufacturers, and the light manufacturing and transportation industries; and plate steel products consisting of rolled, hot-rolled, and heat-treated for use in the construction or manufacture of railcars, buildings, bridges, off-highway equipment, storage tanks, ships, armored products for military applications, diameter pipelines, and wind energy generation equipment. It also provides by-products, such as furnace and buckwheat coke, braize coke, and flue dust; high sulpur beach and kish iron, BOF pit grissly and scrap, BOF and pellet fines, and mill roll scale; light oil and coal tar; granulated and air cooled slag; and machine shop turnings, used mill rolls, recycled oil, non-ferrous metal, and lime fines. The company was founded in 1901 and is headquartered in Sault Ste. Marie, Canada.
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