Algoma Steel Overview

  • Year Founded
  • 1901

Year Founded

  • Status
  • Public

  • Employees
  • 2,844

Employees

  • Stock Symbol
  • ASTL

Stock Symbol

  • Investments
  • 4

  • Share Price
  • $7.99
  • (As of Friday Closing)

Algoma Steel General Information

Description

Algoma Steel Group Inc is a Canadian company engaged in the production of clean and consistent light gauge steel. The company offers a range of hot and cold rolled steel sheet and plate products. The firm operates in a single segment of basic steel production including sheets, plates, slabs, and freights. The company's revenue is generated from contracts to produce, ship, and deliver steel products Geographically it serves Canada, the United States, and the rest of the world, whilst driving key revenue from domestic sales. The company generates the majority of its revenue from the sale of Steel sheets and strips.

Contact Information

Website
www.algoma.com
Formerly Known As
Essar Steel Algoma, 1295908 B.C. Ltd.
Ownership Status
Publicly Held
Financing Status
Formerly PE-Backed
Corporate Office
  • 105 West Street
  • Sault Suite Marie, Ontario P6A 7B4
  • Canada
+1 (705)
Primary Industry
Industrial Supplies and Parts
Stock Exchange
TSE
Vertical(s)
Corporate Office
  • 105 West Street
  • Sault Suite Marie, Ontario P6A 7B4
  • Canada
+1 (705)

Algoma Steel Timeline

2022202320242025
Financing RoundCaptured Employee CountEstimated Employee Growth

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Algoma Steel Stock Performance

As of 14-Feb-2025, Algoma Steel’s stock price is $7.99. Its current market cap is $834M with 104M shares.

(As of Friday Closing)

Stock Price Previous Close 52 wk Range Market Cap Shares Average Volume EPS
$7.99 $8.05 $6.69 - $12.14 $834M 104M 69.3K -$1.07

Algoma Steel Financials Summary

As of 30-Sep-2024, Algoma Steel has a trailing 12-month revenue of $1.83B.

In Thousands,
USD
TTM 30-Sep-2024 FY 2024 31-Mar-2024 FY 2023 31-Mar-2023 FY 2022 31-Mar-2022
EV 1,159,695 925,853 746,924 872,305
Revenue 1,827,387 2,071,930 2,098,502 3,034,531
EBITDA (2,498) 219,362 370,759 1,038,725
Net Income (115,590) 77,962 225,446 683,846
Total Assets 2,291,426 1,980,462 1,815,467 2,157,538
Total Debt 457,264 108,126 90,714 77,055
Public Fundamental Data provided by Morningstar, Inc. disclaimer

Algoma Steel Valuation & Funding

Deal Type Date Amount Valuation/
EBITDA
Post-Val Status Debt

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Algoma Steel Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Algoma Steel Group Inc is a Canadian company engaged in the production of clean and consistent light gauge steel. The co
Industrial Supplies and Parts
Sault Suite Marie, Canada
2,844 As of 2024

Charlotte, NC
 

Columbus, OH
 
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Algoma Steel Competitors (8)

One of Algoma Steel’s 8 competitors is Nucor, a Corporation company based in Charlotte, NC.

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Nucor Corporation Charlotte, NC
Worthington Enterprises Formerly PE-Backed Columbus, OH
Federal Steel Supply Private Equity-Backed Chesterfield, MO
Siegal Steel Company Corporate Backed or Acquired Chicago, IL
United Poly Systems Formerly PE-Backed Springfield, MO
You’re viewing 5 of 8 competitors. Get the full list »

Algoma Steel Patents

Algoma Steel Recent Patent Activity

Publication ID Patent Title Status First Filing Date Technology (CPC) Citations
CA-3146647-A1 Cold rolled steel sheet Pending 29-Jan-2021
US-20220243297-A1 Cold rolled steel sheet Active 29-Jan-2021
US-11732322-B2 Cold rolled steel sheet Active 29-Jan-2021
US-20220228234-A1 Method for producing light gauge steel Pending 20-Jan-2021
CA-3146262-A1 Method for producing light guage steel Pending 20-Jan-2021 C21D1/18
To view Algoma Steel’s complete patent history, request access »

Algoma Steel Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

Key Data Points

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Algoma Steel Investors

Investor Name Investor Type Holding Investor Since Participating Rounds Contact Info

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Algoma Steel Investments & Acquisitions (4)

Algoma Steel’s most recent deal was a Joint Venture with ATM Metals. The deal was made on 27-Oct-2021.

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
ATM Metals 27-Oct-2021 Joint Venture Environmental Services (B2B)
Legato Merger 19-Oct-2021 Merger/Acquisition Special Purpose Acquisition Company (SPAC)
Algoma (55 MW Combined Heat and Power Plant in Sault Suite Marie, Canada) 15-Mar-2018 Corporate Asset Purchase Other Energy
Nayara Energy 20-Jun-2014 Secondary Transaction - Open Market Energy Exploration
To view Algoma Steel’s complete investments and acquisitions history, request access »

Algoma Steel ESG

Peers Analysis

Peer performance insights compare the company’s ESG performance to the performance of selected peers to help inform future ESG decisions and drive internal performance improvements.

Global

Covered Companies

Rank

Percentile

Steel

Industry

Rank

Percentile

Steel

Subindustry

Rank

Percentile

To view Algoma Steel’s complete esg history, request access »

Algoma Steel FAQs

  • When was Algoma Steel founded?

    Algoma Steel was founded in 1901.

  • Where is Algoma Steel headquartered?

    Algoma Steel is headquartered in Sault Suite Marie, Canada.

  • What is the size of Algoma Steel?

    Algoma Steel has 2,844 total employees.

  • What industry is Algoma Steel in?

    Algoma Steel’s primary industry is Industrial Supplies and Parts.

  • Is Algoma Steel a private or public company?

    Algoma Steel is a Public company.

  • What is Algoma Steel’s stock symbol?

    The ticker symbol for Algoma Steel is ASTL.

  • What is the current stock price of Algoma Steel?

    As of 14-Feb-2025 the stock price of Algoma Steel is $7.99.

  • What is the current market cap of Algoma Steel?

    The current market capitalization of Algoma Steel is $834M.

  • What is Algoma Steel’s current revenue?

    The trailing twelve month revenue for Algoma Steel is $1.83B.

  • Who are Algoma Steel’s competitors?

    Nucor, Worthington Enterprises, Federal Steel Supply, Siegal Steel Company, and United Poly Systems are some of the 8 competitors of Algoma Steel.

  • What is Algoma Steel’s annual earnings per share (EPS)?

    Algoma Steel’s EPS for 12 months was -$1.07.

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