<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 與領先的裝甲車製造商 Roshel 成立了合資企業，這被 Stifel Canada 視為積極的發展。分析師 Ian Gillies 維持買入評級，目標價為 11.50 美元，認為這一合作強化了 Algoma 在加拿大國防領域的角色。合資企業旨在國內生產防彈鋼解決方案，惠及多個行業，並可能允許向盟國出口。公告發布後，股價上漲了 4.08%，達到 6.38 美元

Stifel Canada 對 Algoma Steel 與 Roshel 的合資企業持 “略微積極” 的態度