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20.10.25 - 23:33
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Algoma Steel Group Inc. to Announce 2025 Third Quarter Results October 29, 2025 (GlobeNewswire EN)
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SAULT STE. MARIE, Ontario, Oct. 20, 2025 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, announced today that the Company will release its 2025 third quarter financial results after the market closes on Wednesday, October 29, 2025. A webcast and conference call will be held on Thursday, October 30, 2025 at 11:00 a.m. Eastern Time to review the Company's results, discuss recent events, and conduct a question-and-answer session....
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29.09.25 - 15:03
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Algoma Steel Secures C$500 Million Liquidity Support from Governments of Canada and Ontario (GlobeNewswire EN)
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SAULT STE. MARIE, Ontario, Sept. 29, 2025 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (“Algoma” or the “Company”) (NASDAQ: ASTL; TSX: ASTL) today announced the execution of binding term sheets to secure C$500 million in liquidity support, comprising C$400 million loan facilities from the Government of Canada under the Large Enterprise Tariff Loan facility and C$100 million loan facilities from the Province of Ontario (collectively, the “Facilities”). The Facilities provide essential financial flexibility amid prolonged trade uncertainty and position Algoma to advance its ongoing business transformation....
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11.08.25 - 02:42
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Canadian Steel CEO Warns: U.S. Tariffs Could Lock Us Out Completely (ZeroHedge)
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Canadian Steel CEO Warns: U.S. Tariffs Could Lock Us Out Completely
Canadian steelmakers may need to overhaul their operations as steep U.S. tariffs threaten to block access to their largest export market, says Algoma Steel Inc. chief executive Michael Garcia. He made the comments to Financial Post last week.
“We'll have little to no business in the U.S. if the 50 per cent tariff continues,” Garcia told the Financial Post's Larysa Harapyn. “Once the full effect of (the tariffs) plays out, it will effectively lock out Algoma and frankly other Canadian steel producers from the U.S. market.”
Algoma, based in Sault Ste. Marie, Ont., is Canada's only plate steel producer. While it still has contractual obligations in the United States, Garcia said those will wind down within the year if the tariff remains. “There really are no practical foreign markets for Canadian steel other than the U.S. market,” he said.
The company has asked Ottawa for a $500-million enterprise tariff loan fac...
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