Algoma Steel Group Provides Guidance For Q2 2026; Total Steel Shipments For The Quarter Are Expected To Be In The Range Of 175,000 Tons To 180,000 Tons And Adjusted EBITDA Is Expected To Be In The Range Of $5M To $15M

Applied Optoelectronics, SanDisk, Seagate And Other Big Stocks Moving Lower In Monday’s Pre-Market Session

Stock futures mixed, Nasdaq 100 down 100 points. Applied Optoelectronics falls after announcing $600M offering. Other pre-market losers include RFAI, ZSTK, ZKH, JMIA, VALN, MFI, COHR, SNDK, AXTI, ASTL, LITE, STX.

Shares of steel and aluminum-related companies are trading lower amid expectations for progress on a U.S.-Canada trade agreement before the weekend. A trade framework may lessen investor interest in finished metals producers that would have benefitted from domestic U.S. production under continued tariffs.

Algoma Steel shares are trading higher after President Trump said in a social media post that the U.S. and Canada reached an agreement to delay 50% import tariffs on Canadian goods for three days.

Estee Lauder, Moderna, Merck And Other Big Stocks Moving Higher On Wednesday

Dow Jones up 200 points on Wed. Estee Lauder & other top stocks record gains after reporting strong Q4 results and positive sales guidance.

Algoma Steel Group Q2 EPS $(0.88) Misses $(0.81) Estimate, Sales $267.500M Miss $316.700M Estimate