<div id="readability-page-1">11:58 AM EDT, 04/08/2026 (MT Newswires) -- Algoma Steel Group ( ASTL ) on Tuesday said it formed a joint venture with armored vehicle company Roshel, which is headquartered in Brampton, Ontario. Roshel is one of the largest manufacturers of smart armored vehicles for commercial and government organizations in North America.&#34;We view the announcement as another positive data point that reaffirms our view that Algoma is a key supplier participating in Canada's defence spending growth,&#34; said Stifel Canada analyst Ian Gillies, who is maintaining a buy rating and $11.50 price target on the stock. He sees the announcement as &#34;modestly positive.&#34;By advancing a made-in-Canada approach to critical defence inputs, Roshel Algoma Defence will enable new, sovereign production of ballistic steel solutions to support defence procurements, Gillies adds. Roshel Algoma Defence will also support the use of ballistic steel across other industries, including infrastructure, marine, aerospace and security platforms while creating opportunities to export Canadian-made ballistic steel solutions to allied countries.Price: 6.38, Change: +0.25, Percent Change: +4.08 MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.</div>

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Algoma Steel Group 与领先的装甲车制造商 Roshel 成立了合资企业，这被 Stifel Canada 视为积极的发展。分析师 Ian Gillies 维持买入评级，目标价为 11.50 美元，认为这一合作强化了 Algoma 在加拿大国防领域的角色。合资企业旨在国内生产防弹钢解决方案，惠及多个行业，并可能允许向盟国出口。公告发布后，股价上涨了 4.08%，达到 6.38 美元

Stifel Canada 对 Algoma Steel 与 Roshel 的合资企业持 “略微积极” 的态度