Jefferies Financial Group Upgrades Algoma Steel Group (TSE:AST) to Hold

Algoma Steel Group (TSE:ASTGet Free Report) was upgraded by equities researchers at Jefferies Financial Group to a “hold” rating in a note issued to investors on Friday,Zacks.com reports.

Separately, Royal Bank Of Canada upgraded Algoma Steel Group to a “hold” rating in a research note on Monday, September 29th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat, Algoma Steel Group currently has an average rating of “Hold”.

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About Algoma Steel Group

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Algoma Steel Group Inc is a Canadian steel producer headquartered in Sault Ste. Marie, Ontario. The company operates an integrated steelmaking complex that combines traditional blast furnace operations with secondary refining facilities. Algoma’s core activities include the manufacture of flat-rolled steel products, structural steel plate, and other specialty steel offerings tailored to key industrial sectors.

Algoma’s product portfolio encompasses hot-rolled coil, cold-rolled coil, galvanized and pre-painted steel, as well as heavy plates used in construction, energy, transportation, and machinery applications.

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