Algoma Steel starts second EAF as Q3 shipments fall 65.5% on US tariffs and outage
Published . Updated .
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This report is about tariffs and trade and steel.
Directly affected
- ASTL Algoma Steel Group
Named in this report.
- EAF Graftech International+56.7% 9d
Named in this report.
Indirectly affected
- XLI Industrial Select Sector SPDR-0.3% 30d
Industrial Select Sector SPDR: it holds companies hit by import costs and trade rules. Linked by “tariff” (tariffs and trade) in this story.
- XRT SPDR S&P Retail ETF
SPDR S&P Retail ETF: it holds companies hit by import costs and trade rules. Linked by “tariff” (tariffs and trade) in this story.
- SLX VanEck Steel ETF-2.2% 15d
VanEck Steel ETF: it holds steelmakers. Linked by “steel” (steel) in this story.
- CAT Caterpillar-23.2% 30d
Caterpillar (construction machinery and equip): importers and exporters pay or lose sales when tariffs change. Linked by “tariff” (tariffs and trade) in this story.
- DE Deere-0.6% 30d
Deere (farm machinery and equipment): importers and exporters pay or lose sales when tariffs change. Linked by “tariff” (tariffs and trade) in this story.
- WMT Walmart+12.9% 30d
Walmart (variety stores): importers and exporters pay or lose sales when tariffs change. Linked by “tariff” (tariffs and trade) in this story.
- NKE Nike+6.7% 30d
Nike (rubber and plastics footwear): importers and exporters pay or lose sales when tariffs change. Linked by “tariff” (tariffs and trade) in this story.
- NUE Nucor+10.7% 30d
Nucor (steel works, blast furnaces and rolling mills (coke ovens)): steel prices and trade rules drive steelmakers' profits. Linked by “steel” (steel) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| ASTL | -7.04% | -10.42% | base | after close | after close | after close | after close |
| EAF | +4.59% | +2.15% | base | after close | after close | after close | after close |
| XLI | -1.66% | -2.29% | base | after close | after close | after close | after close |
| XRT | -2.30% | -0.06% | base | after close | after close | after close | after close |
| SLX | +0.29% | +0.29% | base | after close | after close | after close | after close |
| CAT | +14.53% | -0.17% | base | after close | after close | after close | after close |
| DE | -3.81% | +1.40% | base | after close | after close | after close | after close |
| WMT | -4.79% | -1.04% | base | after close | after close | after close | after close |
| NKE | -3.40% | +0.56% | base | after close | after close | after close | after close |
| NUE | -0.72% | -0.05% | base | after close | after close | after close | after close |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
Algoma Steel starts second EAF as Q3 shipments fall 65.5% on US tariffs and outage Shanghai Metals Market
Source: Shanghai Metals Market
The price since 4 Nov 2026: Select Sector Spdr Tr (XLI) versus the S&P 500
| Company | When | Move | Status |
|---|---|---|---|
| ASTL | three days earlier | -10.42% | final price |
| ASTL | five days earlier | -7.04% | final price |
| Caterpillar (CAT) | three days earlier | -0.17% | final price |
| Caterpillar (CAT) | five days earlier | +14.53% | final price |
| Deere (DE) | three days earlier | +1.40% | final price |
| Deere (DE) | five days earlier | -3.81% | final price |
| EAF | three days earlier | +2.15% | final price |
| EAF | five days earlier | +4.59% | final price |
| Nike (NKE) | three days earlier | +0.56% | final price |
| Nike (NKE) | five days earlier | -3.40% | final price |
| Nucor (NUE) | three days earlier | -0.05% | final price |
| Nucor (NUE) | five days earlier | -0.72% | final price |
| Vaneck Etf Trust (SLX) | three days earlier | +0.29% | final price |
| Vaneck Etf Trust (SLX) | five days earlier | +0.29% | final price |
| Walmart (WMT) | three days earlier | -1.04% | final price |
| Walmart (WMT) | five days earlier | -4.79% | final price |
| Select Sector Spdr Tr (XLI) | three days earlier | -2.29% | final price |
| Select Sector Spdr Tr (XLI) | five days earlier | -1.66% | final price |
| Spdr Series Trust (XRT) | three days earlier | -0.06% | final price |
| Spdr Series Trust (XRT) | five days earlier | -2.30% | final price |
Trades by members of Congress and officials in the stocks in this story
- Rep. Lisa McClain bought Caterpillar (CAT) (held by a spouse), worth $1,001 - $15,000 on 28 Sep 2026. That is 37 days before publication. Filed 12 Oct 2026. View the filing.
- Rep. Pete Sessions sold Walmart (WMT) (held by a spouse), worth $50,001 - $100,000 on 2 Oct 2026. That is 33 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Jonathan Jackson sold Walmart (WMT) (jointly held), worth $50,001 - $100,000 on 28 Sep 2026. That is 37 days before publication. Filed 19 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Walmart (WMT) (held by a spouse), worth $1,001 - $15,000 on 25 Sep 2026. That is 40 days before publication. Filed 7 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, bought Nike (NKE), worth $15,001 - $50,000 on 28 Aug 2026. That is 68 days before publication. Filed 8 Oct 2026. View the filing.
- Rep. Gilbert Cisneros sold Nike (NKE), worth $15,001 - $50,000 on 27 Aug 2026. That is 69 days before publication. Filed 10 Sep 2026. View the filing.
- Donald J Trump, an executive branch official, sold Nike (NKE), worth $100,001 - $250,000 on 21 Aug 2026. That is 75 days before publication. Filed 8 Oct 2026. View the filing.
- Rep. Michael T. McCaul sold Nucor (NUE) (held by a spouse), worth $50,001 - $100,000 on 25 Aug 2026. That is 71 days before publication. Filed 14 Oct 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
Who gains and who loses around Select Sector Spdr Tr (XLI)
Companies tied to this story
- XLI Select Sector Spdr Tr
Select Sector Spdr Tr (XLI) is linked, with no stored direction, medium confidence in the 4 Nov 2026 story “Algoma Steel starts second EAF as Q3 shipments fall 65.5% on US tariffs and outage.” Reason on file: Industrial Select Sector SPDR: it holds companies hit by import costs and trade rules. Linked by “tariff” (tariffs and trade) in this story
- XRT Spdr Series Trust
Spdr Series Trust (XRT) is linked, with no stored direction, medium confidence in the 4 Nov 2026 story “Algoma Steel starts second EAF as Q3 shipments fall 65.5% on US tariffs and outage.” Reason on file: SPDR S&P Retail ETF: it holds companies hit by import costs and trade rules. Linked by “tariff” (tariffs and trade) in this story
- SLX Vaneck Etf Trust
Vaneck Etf Trust (SLX) is linked, with no stored direction, medium confidence in the 4 Nov 2026 story “Algoma Steel starts second EAF as Q3 shipments fall 65.5% on US tariffs and outage.” Reason on file: VanEck Steel ETF: it holds steelmakers. Linked by “steel” (steel) in this story
- CAT Caterpillar
For “Algoma Steel starts second EAF as Q3 shipments fall 65.5% on US tariffs and outage,” Caterpillar (CAT) is linked, with no stored direction, medium confidence. Reason on file: Caterpillar (construction machinery and equip): importers and exporters pay or lose sales when tariffs change. Linked by “tariff” (tariffs and trade) in this story
- DE Deere
Deere (DE) is linked, with no stored direction, medium confidence in the 4 Nov 2026 story “Algoma Steel starts second EAF as Q3 shipments fall 65.5% on US tariffs and outage.” Reason on file: Deere (farm machinery and equipment): importers and exporters pay or lose sales when tariffs change. Linked by “tariff” (tariffs and trade) in this story
- WMT Walmart
Walmart (WMT) is linked, with no stored direction, medium confidence in the 4 Nov 2026 story “Algoma Steel starts second EAF as Q3 shipments fall 65.5% on US tariffs and outage.” Reason on file: Walmart (variety stores): importers and exporters pay or lose sales when tariffs change. Linked by “tariff” (tariffs and trade) in this story
- NKE Nike
In “Algoma Steel starts second EAF as Q3 shipments fall 65.5% on US tariffs and outage,” Nike (NKE) is linked, with no stored direction, medium confidence. Reason on file: Nike (rubber and plastics footwear): importers and exporters pay or lose sales when tariffs change. Linked by “tariff” (tariffs and trade) in this story
- NUE Nucor
Nucor (NUE) is linked, with no stored direction, medium confidence in the 4 Nov 2026 story “Algoma Steel starts second EAF as Q3 shipments fall 65.5% on US tariffs and outage.” Reason on file: Nucor (steel works, blast furnaces and rolling mills (coke ovens)): steel prices and trade rules drive steelmakers' profits. Linked by “steel” (steel) in this story
Select Sector Spdr Tr (XLI)
The 4 Nov 2026 story “Algoma Steel starts second EAF as Q3 shipments fall 65.5% on US tariffs and outage” names Select Sector Spdr Tr (XLI) because of this story.
The link for Select Sector Spdr Tr (XLI) is this: Industrial Select Sector SPDR: it holds companies hit by import costs and trade rules. Linked by “tariff” (tariffs and trade) in this story
A second company, Spdr Series Trust (XRT), is listed for a different reason: SPDR S&P Retail ETF: it holds companies hit by import costs and trade rules. Linked by “tariff” (tariffs and trade) in this story
Dates and price levels for Select Sector Spdr Tr (XLI)
SLX traded between 101.26 and 107.05 across 15 sessions. The latest close on file is 103.58. XLI traded between 163.00 and 172.33 across 20 sessions. The latest close on file is 169.73.
What the saved facts support for Select Sector Spdr Tr (XLI)
46 out of 100
“Algoma Steel starts second EAF as Q3 shipments fall 65.5% on US tariffs and outage” scores 46 out of 100. The score uses 1 sources, and 8 linked companies.