ASTLNasdaqSteel Works, Blast Furnaces & Rolling Mills (Coke Ovens)US GAAP · USD

Algoma Steel Group Inc.

Algoma Steel Group Inc. is a Canadian steel producer based in Sault Ste. Marie, Ontario, focused on plate and sheet steel products. The company operates an integrated steelmaking business with production, finishing, and related logistics capabilities, serving industrial end markets in Canada and the United States.

Liikevaihto2 086milj. USD
Liikevoitto (EBIT)−1 216milj. USD
EBIT-marginaali−58,3%
Nettotulos−985milj. USD
Vapaa kassavirta−395milj. USD

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2025–2025

−2 000−1 00001 0002 0003 000milj. USD2025: 2 086 milj. USD2025: EBIT −1 216 milj. USD20252 086−1 216
LiikevaihtoLiikevoitto (EBIT)

Liiketoiminta

Osuus liikevaihdosta
Sheet & strip45 %

Hot-rolled sheet steel used in downstream fabrication and manufacturing.

Plate40 %

Heavy plate steel sold for demanding industrial and infrastructure applications.

Slab0 %

Semi-finished steel output sold or transferred within the steel value chain.

Freight12 %

Transportation and logistics-related revenue tied to steel delivery.

Non-steel revenue3 %

Other revenue items not directly tied to steel product sales.

Asiakkaat

Algoma sells steel into industrial customers that need plate and sheet for fabrication, construction, and manufacturing. Its disclosed end markets include energy, defense, automotive, shipbuilding, and infrastructure, which typically require specification-driven steel and reliable domestic supply. Customers buy from Algoma for product quality, Canadian sourcing, and the ability to support projects that need plate or sheet steel from a North American producer.

Energy

Buys plate and sheet steel for pipelines, equipment, and related industrial builds.

Defense

Buys specification steel for defense-related fabrication and procurement needs.

Automotive

Buys sheet steel for vehicle-related manufacturing and supply chains.

Shipbuilding

Buys heavy plate steel for marine and ship construction applications.

Infrastructure

Buys steel for public works, civil construction, and large infrastructure projects.

Strategia

Algoma’s strategy centers on modernizing its steelmaking footprint and strengthening its position as a domestic supplier of plate and sheet steel. The company is also building a lower-emissions production platform through its electric arc furnace transition and modernized plate mill, which supports product diversification and customer retention. These initiatives are designed to improve the resilience of its supply chain role and align its product set with Canadian industrial demand.

EAF transitionKeskipitkä aikaväli

Shifts the production platform toward a lower-emissions steelmaking process.

Product diversificationKeskipitkä aikaväli

Broadens the mix of plate and sheet products to serve multiple end markets.

Domestic supply-chain rolePitkä aikaväli

Supports Canadian customers that value local sourcing and supply reliability.

Maantiede

Algoma is based in Sault Ste. Marie, Ontario, and its core operating footprint is in Canada. The company also sells into the United States, reflecting the cross-border nature of North American steel demand and supply chains. Its production base in Ontario is strategically important because access to clean electricity and domestic logistics affects both operating economics and customer positioning.

Riskit

Algoma’s results are exposed to cyclical steel demand, pricing pressure, and changes in raw material and energy costs, all of which are typical for steelmakers. The company also faces execution risk in large industrial transformation projects, including the move to electric arc furnace steelmaking, where delays or technical issues could affect operations and customer commitments. Because it serves industrial end markets, demand can weaken if construction, manufacturing, or capital spending slows.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Steel market cyclicality1Energy and input cost volatility2EAF transition execution3Industrial customer demand4
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Steel market cyclicalityVaikutus: KorkeaTodennäköisyys: Korkea

    Demand and pricing for plate and sheet steel move with industrial and construction activity.

    Kohdistuu: Plate and sheet sales

  2. Energy and input cost volatilityVaikutus: KorkeaTodennäköisyys: Korkea

    Steel production is highly sensitive to electricity, scrap, and raw material costs.

    Kohdistuu: Ontario manufacturing base

  3. EAF transition executionVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Large process and asset changes can cause startup delays, cost overruns, or production disruptions.

    Kohdistuu: Steelmaking operations

  4. Industrial customer demandVaikutus: KeskitasoTodennäköisyys: Korkea

    End markets such as automotive, shipbuilding, and infrastructure can slow together in downturns.

    Kohdistuu: Customer order volumes

Kirjanpito

Harkinnanvaraiset erät
Single-segment reporting

The company reports one steel production segment, so investors must infer performance drivers from product mix and operating commentary.

Vaikutus: Limits segment-level margin visibility

Inventory valuation

Steel inventories can be exposed to price swings and production cost fluctuations.

Vaikutus: Can affect gross profit and working capital

Depreciation and useful lives

Large mill and furnace assets require estimates of remaining economic life and residual value.

Vaikutus: Affects reported earnings and asset carrying values

Capitalization of major projects

Modernization and EAF transition spending may be capitalized and depreciated over time.

Vaikutus: Changes near-term expense recognition and future depreciation

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

Päivitetty: 28.9.2026

Algoma Steel Group Inc. (Nasdaq) – Steel Works, Blast Furnaces & Rolling Mi | Analyysi – Clarifo