5.81
+7.99%
Close of 9 Nov 2026, in USD
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About Algoma Steel Group
Its shares trade under the ticker ASTL. It has been listed since 19 September 2022. In the fiscal year to 31 December 2024, it reported revenue of C$1.84bn and a net loss of C$167.0m. At that date it held total assets of C$3.19bn and shareholders' equity of C$1.51bn.
Algoma Steel Group, Inc. engages in the production of hot and cold rolled steel products. The company is headquartered in Sault Ste. Marie, Ontario. The company went IPO on 2022-09-19. The company produces sheet and plate products that are sold primarily to customers in Canada and Midwest United States of America. The firm has a raw steel production capacity of an estimated 2.8 million tons per year. The Company’s mill produces hot rolled sheet steel (HRC) in North America owing in part to its direct strip production complex (DSPC), which is a thin slab caster in North America with direct coupling to a basic oxygen furnace (BOF) melt shop. Algoma delivers its solutions to direct applications in the automotive, construction, energy, defense, and manufacturing sectors. Its facility provides a range of quality heat treated products for abrasion resistant, ballistic and other specialty plate applications. Its subsidiaries include Algoma Steel Holdings Inc., Algoma Steel Inc. and Algoma Steel Inc. USA.
Figures and description from our data supplier, not checked against the company's own report.
Company facts
- Sector
- Materials
- Industry
- Metals & Mining
- Listed since
- 19 Sept 2022
- Employees
- 2,400
- Website
- algoma.com ↗
- Head office
- 105 WEST STREET, SAULT STE. MARIE, A6, P6A 7B4
- Incorporated in
- A1
- Classification
- Steel Works, Blast Furnaces & Rolling Mills (Coke Ovens)
- Filer status
- Non-accelerated filer
Leadership
Pay as last reported
- Mr. Michael GarciaChief Executive Officer, Director, since 2022$4.6m
- Mr. Rajat MarwahChief Financial Officer$1.4m
- Mr. Michael PanzeriSenior Vice President - Production$1.5m
- Mr. John NaccaratoVice President - Strategy, Chief Legal Officer$1.3m
- Mr. Mark NogaloVice President - Strategic Transformation$777,946
- Ms. Mary BueschkensIndependent Director$251,839
- Mr. Sean DonnellyIndependent Director$82,329
- Mr. James GouinIndependent Director$264,011
- Mr. Andy HarshawIndependent Director$728,193
- Ms. Ave LethbridgeIndependent Director$239,735
- Mr. Sanjay NakraIndependent Director$235,851
- Mr. Eric RosenfeldIndependent Director$245,906
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 49
- Environment
- 68
- Social
- 37
- Governance
- 42
- Direct emissions (scope 1)
- 4,281,546 t
- Energy emissions (scope 2)
- 24,877 t
- Women in the workforce
- 6%
- Carbon reduction policy
- No
- Human rights policy
- Yes
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Algoma Steel Group Inc has established a strong market position in the steel industry, making it one of the leading companies in its sector. This enables the company to command a significant market share and maintain a competitive edge.
- The company offers a wide range of high-quality steel products, catering to various industries such as automotive, construction, and manufacturing. This diverse product portfolio helps Algoma Steel to meet the demands of different customers and capture a larger market share.
- Algoma Steel has implemented a vertical integration strategy, allowing it to have control over the entire production process from raw materials to finished products. This integration enhances efficiency, reduces costs, and ensures better quality control.
Weaknesses
- As a company primarily focused on the steel industry, Algoma Steel is vulnerable to economic fluctuations and market conditions specific to this sector. Any downturn in the steel industry can significantly impact the company's financial performance.
- Algoma Steel operates mainly in North America, which limits its geographical reach compared to global competitors. This restricts the company's ability to tap into international markets and exposes it to regional economic risks.
Opportunities
- The increasing demand for steel in sectors such as infrastructure development, renewable energy, and transportation presents an opportunity for Algoma Steel to expand its customer base and revenue streams. By capitalizing on these growing markets, the company can achieve further growth.
- Advancements in technology, such as automation, artificial intelligence, and data analytics, offer opportunities for Algoma Steel to enhance its production processes and improve operational efficiency. Adopting new technologies can also lead to cost savings and better product quality.
Threats
- The steel industry is highly competitive, with numerous domestic and international players vying for market share. The presence of formidable competitors poses a threat to Algoma Steel's market position and profitability.
- Algoma Steel heavily relies on raw materials such as iron ore and scrap metal, the prices of which are subject to fluctuations. Unpredictable changes in raw material costs can impact the company's profitability and financial performance.
- The steel industry is subject to various environmental regulations, including emissions standards and energy consumption requirements. Complying with these regulations can be costly and time-consuming for Algoma Steel, affecting its operations and profitability.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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