ASTL
Algoma Steel Group Inc.

Algoma Steel Group Inc.ASTL

Basic Materials · Steel
5.38USD
+7.82%
Nov 08, 2026
ASTL overview ready
Electric-Arc-Furnace Flat and Plate Steel Producer for Canadian Markets
Algoma is a direct producer undergoing a full conversion from integrated blast-furnace steelmaking to EAF steelmaking, while concentrating its commercial mix on Canadian discrete plate and maintaining hot-rolled sheet capability.
Theme not measured
Steel & Steel Inputs has no leadership state this session.
Advancing price action
Longer-term context reads early recovery, with a near-term setup of daily reclaim.
Fair valuation
The price broadly reflects how its multiples compare with businesses of the same kind, with upside and risk reasonably balanced.
Solid fundamentals
Ev / sales is strong.
Primary risk
Steel industry cyclicality and demand volatility.
Market Nov 6Price action Nov 7Research Oct 21

Conviction Level

Theme Momentum has no canonical measurement for this company — a research-profile dimension, not an input to this score.

PriceAction8.6BusinessPerformance—BusinessQuality—Valuation5.8ThemeMomentum—Business Performance not yet available.

Conviction uses Price Action, Business Performance, Business Quality, Valuation. Theme Momentum is research context, not an input.

Theme momentumPrimary theme · group context, not entry timing
Steel & Steel Inputs — Steel & Steel Inputs has only one or two priced members — no leadership state
Its economic family, Materials & Mining, reads Lagging (−14.1pp vs SPY) — the family’s reading, not this theme’s.
Price
Loading price history…

Price Action

Advancing price action
Longer-term context reads early recovery, with a near-term setup of daily reclaim.
EntryReset + recovery

The stock is still rebuilding below its long-term weekly base, and the recent reset toward the daily SMA200 aligned with support at the weekly EMA21. Daily structure is recovering above the fast averages, improving the current entry location.

Key Financials

Market Cap
$568.5M
Avg Volume (60D)
1.0M
60 sessions
Revenue Growth YoY
-42.5%
Trailing twelve months
Gross Margin
-54.7%
Trailing twelve months
Operating Margin
-61.9%
Trailing twelve months
Distance from 200DMA
+20.7%
EV / Sales
1.4x
Market metrics as of Nov 7, 2026

Business Performance

Business Quality

Not assessed

Not assessed — the company files under a regime the financial record does not cover yet.

Fundamentals & Valuation

The available comparisons disagreed; the peers comparison is the more reliable method for this business and the others are published as dissent.
Algoma Steel Group Inc. has a Fair valuation stance because the price broadly reflects how its multiples compare with businesses of the same kind, with upside and risk reasonably balanced.

Company Research

Thesis
Algoma is a direct producer undergoing a full conversion from integrated blast-furnace steelmaking to EAF steelmaking, while concentrating its commercial mix on Canadian discrete plate and maintaining hot-rolled sheet capability.
Opportunity
Moderate opportunity
Steelmakers are replacing or supplementing legacy coal-based production with electric-arc-furnace capacity to lower emissions intensity, improve operating flexibility, and supply strategically important North American sheet and plate markets amid trade disruption and domestic-content policy.
Key risk
Steel industry cyclicality and demand volatility.

Economic classification

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Business & Markets

Basic Materials · Steel
What they do

Algoma Steel Group Inc. produces and sells flat and plate steel products primarily in Canada, the U.S., and internationally, operating a steel mill transitioning from blast-furnace to electric-arc-furnace technology.

How it earns

The company generates revenue through transactional sales of steel products to industrial customers.

Products & services
Flat/sheet steel products
Plate steel products
Customers & end markets
Automotive industry
Construction industry
Railcar manufacturers
Light manufacturing
Transportation industries
Market position

A North American steel producer focused on Canadian plate and hot-rolled sheet markets undergoing modernization.

Demand drivers
High cyclicality

Steel demand and pricing are closely tied to economic cycles and industrial activity.