Algoma Steel's Operating Leverage Hinges on Demand That Isn't There Yet -- Market Talk

Dow Jones

03/13

0819 ET - Algoma Steel's shift to electric arc furnace production creates real strategic upside, but the path to operating leverage remains cloudy. In a report, RBC's James McGarragle says EAF "represents a strategic shift aimed at improving the cost structure," but achieving meaningful operating leverage hinges on a "substantial capacity ramp," something he says appears "uncertain absent a trade agreement or significant government/private order flow." Shares sold off Thursday, and McGarragle says the market likely reacted to lower EPS due to higher depreciation and one-time EAF conversion costs.(adriano.marchese@wsj.com)

(END) Dow Jones Newswires

March 13, 2026 08:19 ET (12:19 GMT)

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In a report, RBC's James McGarragle says EAF \"represents a strategic shift aimed at improving the cost structure,\" but achieving meaningful operating leverage hinges on a \"substantial capacity ramp,\" something he says appears \"uncertain absent a trade agreement or significant government/private order flow.\" Shares sold off Thursday, and McGarragle says the market likely reacted to lower EPS due to higher depreciation and one-time EAF conversion costs.","collect":0,"end_time":0,"defaultTopTitle":"","property":["rate"],"viewcount":null,"language":"en","relate_stocks":{"ASTLW":"Algoma Steel Inc. WTS"},"translate_title":"阿尔戈马钢铁公司的运营杠杆取决于尚不存在的需求——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ASTLW":1.5},"content_text":"0819 ET - Algoma Steel's shift to electric arc furnace production creates real strategic upside, but the path to operating leverage remains cloudy. In a report, RBC's James McGarragle says EAF \"represents a strategic shift aimed at improving the cost structure,\" but achieving meaningful operating leverage hinges on a \"substantial capacity ramp,\" something he says appears \"uncertain absent a trade agreement or significant government/private order flow.\" Shares sold off Thursday, and McGarragle says the market likely reacted to lower EPS due to higher depreciation and one-time EAF conversion costs.(adriano.marchese@wsj.com) \n\n\n  (END) Dow Jones Newswires\n\n\n  March 13, 2026 08:19 ET (12:19 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}