President Trump Says If We Don't Make Steel Ourselves, We Can't Defend Ourselves

Algoma Steel Group Inc. Provides Guidance for the Third Quarter 2026

Algoma Steel reported Q3 2026 guidance with expected steel shipments of approximately 145,000 tons and Adjusted EBITDA between negative $10-20 million. The company successfully restored full power at Lake Superior Power plant after a turbine replacement and expects first heat from EAF Unit Two in the coming days. Despite near-term headwinds from the power outage and lower shipment volumes, management expressed optimism about improved steel prices and the company's transformation progress.

Algoma Steel Group Says Total Steel Shipments For The Quarter Are Expected To Be ~145,000 Tons And Adjusted EBITDA Is Expected To Be In The Range Of Negative CAD$10M To Negative CAD$20M

Algoma Steel Group Inc. (NASDAQ:ASTL, TSX:ASTL) ("Algoma" or "the Company"), a leading Canadian producer of steel plate and hot rolled sheet products, today provided guidance for its quarter ended

Wells Fargo Maintains Equal-Weight on Carpenter Technology, Lowers Price Target to $430

Defense Stocks Enter Bear Market, Hit Longest Losing Streak on Record

Defense stocks are on track for a seventh straight weekly loss, a first for XAR since 2011, as Iran peace talk and a stalled budget erase the 2026 gain.

Shares of data center infrastructure-related companies are trading lower. Elevated bond yields and Fed interest rate expectations are weighing on technology sectors that have exposure to AI buildout capex plans that may come under closer scrutiny from inflated borrowing costs.

Shares of steel-related companies are trading lower after the Trump administration released details for a $15 billion steelmaking complex in Iowa that's slated to produce 7.5 million tons per year from 2030, with possible expansion of up to 10 million tons annually. Investors may be concerned about overcapacity in U.S. steel production.