Algoma Steel Group Inc (ASTL.TO) Buy, Sell or…

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Algoma Steel Group Inc (ASTL.TO)

5.91

-0.03 (0.51%)

as of Sep 11, 2026, 8:00:00 pm Market Open.

88 watching

Investor Insights

Sep 13, 2026, 12:00 am

This summary was created by AI, based on 4 opinions in the last 12 months.

Algoma Steel Group Inc (ASTL) is currently viewed as a speculative investment with a mixed outlook from various experts. Some mention that while the stock is in a challenging business environment, similar situations have piqued their interest in potential turnaround opportunities despite high cash burn. With the upcoming renewal of the USMCA and pressure to lower tariffs, there is a level of intrigue, but uncertainty remains regarding how geopolitical factors may impact its performance. Analysts suggest comparing ASTL's performance against the sector ETF, SLX, which has recently hit new all-time highs, revealing that ASTL may not be the strongest choice even if the steel sector appears promising. Overall, the stock presents a tough call amid disappointing business prospects, leading to cautious consideration.

Consensus

Speculative

Valuation

Overvalued

Similar

Nucor, NUE

HOLD

Paying out a special dividend of $6. With high steel prices, has really cleaned up its balance sheet and has more than $6 a share in cash. Possible share buy-back next year. A cyclical company that rises and falls with steel prices. If you like, continue to hold or sell it and realize a capital gain.

TOP PICK

A strange situation. Were for sale but have now taken themselves off the market and announced a $6 dividend. Hedge funds had been holding for a takeout and so sold off their holdings which dropped the price.

BUY

Have a lot of cash on hand and is expected to pay a big dividend. Historically, stocks trade lower after special dividends. Likes the phenominal profit growth that he sees. Good speculative investment.

DON'T BUY

Was a bust in 2001 and restructured and came out when steel prices took off and they played it very well. Has come down since March because the steel cycle is coming off at the margin. Still making lots of money. If you feel it might get taken out you could speculate on it. It is amongst the weaker players. Prefers Dofasco (DFS-T).

TRADE

The group including Gerdau Ameristeel (GNA-T), Algoma (AGA-T), Ipsco (IPS-T) and Dofasco (DFS-T) to a lesser extent has come off of its peak. Looks like steel prices have peaked for the cycle yet these stocks are extremely statistically cheap. Could be some activity like takeovers, as cash builds up. Find one that is cheap and could be taken over.

BUY

Prefers this for the leveraged side of steel as opposed to Gerdau Ameristeel (GNA-T) in the hot rolled steel. To be safe, you could go to the fabricators, Harris (HSG-T) or Russel (RUS-T).

WAIT

Steel stocks can be very volatile. His sector model on the steels has recently rolled over indicating some short term risks. Feels that the cycle and the pricing power of the steel producers remains intact. Wouldn't buy at this time.

DON'T BUY

Doesn't like the steel industry. Companies have been helped by the price of steel going up so high. Have to be careful and buy a good company that is run well and that is key in the steel industry. Feels that China has been building plants and that they will be an exporter of steel.

PAST TOP PICK

(A Top Pick June 22/04. Up 174%.) Sold out a couple of months ago.

DON'T BUY

Wouldn't buy steels right now. They've had a fantastic run, but it looks like the numbers in China are starting to slow down. In Ontario, regulations are coming off electricity prices and that will be a big cost for the steels. A stronger Cdn$ will also be a burden.

DON'T BUY

Valuations on steel stocks have gotten excessive.

BUY

Has the most leverage and generates the most cash. Try to buy in the $28's.

DON'T BUY

Favourite steel play at this time is Ipsco.

BUY

Although the stock has tripled, it does not mean that all the good news is reflected in the price. China's slowing demand for steel is having a negative affect on steel producers. There will not be as much reduction in demand as many people think.

BUY

A forgotten story for a long time. Now it's a hot stock and a hot story. Very profitable with no net debt. Feels the steel prices wil stay high. Very cheap.

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Algoma Steel Group Inc (ASTL.TO)