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Algoma Steel Group, Inc.
Algoma Steel Soars 13.94% to Day High Amid Market Decline
Algoma Steel Group, Inc. saw a notable increase in its stock on October 14, 2025, reaching an intraday high. However, the company faces challenges, including a significant rise in raw material costs and a substantial loss in pre-tax profits, while its longer-term performance remains concerning.
Algoma Steel Soars 8.01%, Hits Intraday High of CAD 5.00
Algoma Steel Group, Inc. saw a significant intraday gain today, contrasting with the modest rise of the S&P/TSX 60. However, the company has faced substantial declines over the past week, month, and year, alongside ongoing financial challenges, including negative results for ten consecutive quarters and soaring raw material costs.
Algoma Steel Hits Day Low of CAD 4.77 Amid Price Pressure
Algoma Steel Group, Inc. has faced notable stock volatility, hitting an intraday low and experiencing significant declines over various time frames. The company reported substantial financial losses, including a pre-tax profit of CAD -136.5 million and a sharp rise in raw material costs, while its market capitalization is CAD 675 million.
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