Algoma Steel gains upside if U.S. tariff falls to 25%
Algoma Steel Group could see upside if a U.S.-Canada trade deal is finalized and U.S. tariffs are cut to 25% from 50% with a 4 million ton annual export quota, RBC’s James McGarragle says.
Algoma Steel Group holds significant upside potential if a U.S.-Canada trade deal is finalized.
RBC's James McGarragle says a reduction in US tariffs to 25%, from 50%, with an annual 4 million ton export quota, in line with recent negotiations, would reopen the US market.
McGarragle also says incre…