The Canadian producer of hot- and cold-rolled-steel products said it is currently assessing the effect of the tariffs, after President Trump reinstated a blanket 25% tariff on steel imports.

The layoffs have already begun. Sault Ste. Marie-based Algoma Steel has laid off 20 employees as a result of U.S. President Donald Trump’s threats to impose import tariffs on Canadian steel and ...

The Algoma Steel plant in Sault Ste. Marie, Ont., is shown in 2018. Founded in 1901, Algoma says it's now one of North American's leading manufacturers of hot- and cold-rolled steel sheet and ...

Q3 2025 Earnings Call Transcript March 13, 2025 Michael Garcia: Good morning, everyone. Thank you for joining us to discuss our fourth quarter and full year calendar 2024. Employee safety remains our ...

Algoma Steel (NASDAQ:ASTL) just hit the brakes on steel exports to the U.S. as tariffs shake up the market. CEO Michael Garcia sees an openinghigher prices for U.S.-made steel could push Canadian ...

Algoma Steel (NASDAQ:ASTL) expects tariffs will hurt its finances and operations, although it is too early to estimate the full extent of the effects, CEO Michael Garcia said late Wednesday after ...

CEO of Algoma Steel Michael Garcia says the Canadian steel producer is bracing to pause shipments for a second time as they hope for a resolution to Trump's 50% tariff threats on steel.

Algoma Steel Group Inc. announced its participation in the BMO 34th Global Metals, Mining & Critical Minerals Conference in Hollywood, Florida, from February 24 to February 26, 2025. Before the ...

Algoma Steel Inc. cold rolled coils. (Credit: Courtesy/Algoma Steel Inc.) On Wednesday morning, the second day of the United States-Canada trade war, Mike Garcia, chief executive of Sault Ste.

TORONTO (Reuters) - Algoma Steel has paused exports of steel from Canada to the United States until Thursday, when Canadian ministers are expected to meet their U.S. counterparts in Washington, CEO ...

Greetings, and welcome to Algoma Steel Group's Third Quarter 2025 Earnings Call. [Operator Instructions] As a reminder, this conference is being recorded. It's now my pleasure to introduce Michael ...