Algoma Steel Group Inc. Price & Performance (ASTLW)

Algoma Steel is intensifying its focus on the Canadian market after U.S. tariffs on steel imports. The company is preparing to activate its new electric arc furnaces, aiming to lower costs and reduce reliance on traditional blast furnaces. The first new furnace is expected to be operational by the end of April.12

Algoma Steel Group’s stock, trading at $4.85, has seen significant volatility and remains near its 52-week low. Technical indicators suggest a negative trend for the coming months, with forecasts pointing to further declines. Despite short-term buy signals, the overall outlook for the stock remains cautious.34

While Algoma Steel’s news sentiment has turned negative, with more adverse coverage than usual, institutional ownership remains high at nearly 70%. This suggests that large investors still see long-term value in the company, even as market sentiment and recent headlines remain subdued.54