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Algoma Steel stock plunges after report of 40% layoff Investing com -- Algoma Steel Group Inc (NASDAQ:ASTL) stock tumbled 7 6% on Monday after Bloomberg reported that the Canadian steelmaker will lay off 1,000 employees and close its blast furnace in northern Ontario within months, citing losses from US tariffs The Sault Ste Marie-based company will also shut down its coke-making operation as it accelerates its transition to electric-arc
Algoma Steel Group Inc (ASTL) Stock Price News - Google Get the latest Algoma Steel Group Inc (ASTL) real-time quote, historical performance, charts, and other financial information to help you make more informed trading and investment decisions
Algoma Steel to Cut 40% of Staff as Tariffs Crush Sales Canadian steelmaker Algoma Steel Group Inc will let go of 1,000 employees and close its blast furnace in northern Ontario within months as it seeks to stem losses resulting from US tariffs
Algoma Steel issues 1,000 layoff notices, closing blast furnace and . . . Algoma Steel's Shane Gillespie explains the electric arc furnace to Sault Ste Marie MP Terry Sheehan and FedNor Minister Patty Hajdu, while CEO Michael Garcia looks on during a visit to the Sault steelmaker last July On Monday, it was announced that Algoma issued 1,000 layoff notices, effective March 23