ASTL, STLC, TECK: China Files Complaint Against Canada Over Steel Tariffs
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China has filed a formal complaint with the WTO against Canada over tariffs on Chinese steel products, escalating trade tensions. This complaint follows Canada's 25% surtax on products containing Chinese steel, aimed at protecting its domestic industry amid U.S. tariffs. Canadian steelmakers like Algoma Steel (ASTL), Stelco, and Teck Resources (TECK) are affected. The situation reflects ongoing trade disputes between Canada and China, with Canada also facing U.S. tariffs. Algoma Steel has a consensus Moderate Buy rating from analysts, with a price target suggesting a 50% upside.
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