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

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Algoma Steel Group Inc (ASTL.TO)

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6.29

-0.09 (1.41%)

as of Jun 19, 2026, 8:00:01 pm Market Open.

4 watching

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.

HOLD

This monstrous steel market is going to continue.

HOLD

Major steel shortage problems around the world have pushed up the steel stocks. This stock is in a spike uptrend and is dangerous to buy at this time. If you own, use a stop/loss.

BUY

Steel is cyclical. Has been a very consistant mover. Pricing of steel has stayed strong and capacity is tight. Relatively cheap compared to some of its competitors.

PAST TOP PICK

(A Top Pick Aug 6/04. Up 92%.) Took some profit.

DON'T BUY

Avoid. The business seems to continually go back into bankruptcy.

WEAK BUY

Low price/earnings ratio. A high cost producer, so in a high steel cycle it will make lots of money, but when the price of steel drops, it has losses. OK for short term.

DON'T BUY

Steel prices have been stronger much longer than he expected. Feels its at a peak now.

HOLD

Report of another stunningly good quarter is due Nov 2. Building up cash at a rapid rate. Will possibly pay out a special dividend. May want to take some cash off the table.

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Algoma Steel Group Inc (ASTL.TO)