Quarterly UpdatesJul 1, 2026, 06:07 AM
Algoma Steel Q2 2026 Guidance: Shipments 175-180K Tons, Adj. EBITDA $5-15M
AI Summary
Algoma Steel Group Inc. provided guidance for its second quarter ended June 30, 2026, projecting steel shipments between 175,000 and 180,000 tons. The company expects Adjusted EBITDA to range from $5 million to $15 million, which includes a $45 million insurance settlement and a $50 million to $55 million capacity utilization adjustment benefit. CEO Rajat Marwah highlighted continued resilience with record plate sales and the first EAF unit ramping up, with the second EAF unit expected online in the second half of the year.
Key Highlights
- Q2 2026 steel shipments expected to be 175,000 to 180,000 tons.
- Q2 2026 Adjusted EBITDA guidance is $5 million to $15 million (CAD).
- Adjusted EBITDA includes a $45 million insurance settlement.
- Adjusted EBITDA includes a $50 million to $55 million capacity utilization adjustment.
- Company achieved record plate sales in Q2 2026.
- Second Electric Arc Furnace (EAF) unit expected online in H2 2026.
Price Impact
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