Algoma Steel Group Inc.

Algoma Steel Group Inc. announced that it will release its third quarter 2026 financial results on October 28, 2026. The company has scheduled a webcast and conference call for the following day, October 29, 2026, at 11:00 a.m. Eastern Time, to discuss these results and recent business developments. Details for accessing the live webcast and a replay are available on the company's investor relations website.

Algoma Steel Group Inc. reported financial results for the three months ended June 30, 2026, with Adjusted EBITDA of $13.8 million, aligning with expectations. The company achieved a second consecutive quarter of record plate sales and is nearing completion of its EAF Unit Two, with first steel production anticipated in the third quarter of 2026. Despite a significant year-over-year decline in revenue to $267.5 million and a net loss of $96.0 million, the company highlighted its strategic pivot to a Canada-centric, plate-first model and the benefit of a $45.0 million insurance settlement.

Algoma Steel Group Inc. reported Q2 2026 results with Adjusted EBITDA of $13.8 million, a significant improvement from a $32.4 million loss in the prior-year quarter, supported by record plate sales and a $45.0 million insurance settlement. The company posted a net loss of $96.0 million on consolidated revenue of $267.5 million, reflecting lower shipments due to the EAF transition and U.S. Section 232 tariffs. EAF Unit Two construction is nearing completion, with first steel production anticipated in Q3 2026, and the company continues its pivot to a Canada-centric, plate-first strategy. While a joint venture with Roshel Inc. was formed, the MoU with Hanwha Ocean was suspended.

Algoma Steel Group Inc. announced that it will release its second-quarter 2026 financial results after the market closes on Wednesday, July 29, 2026. Following the release, the company will host a webcast and conference call on Thursday, July 30, 2026, at 11:00 a.m. Eastern Time to review the results and discuss recent events.

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.

Algoma Steel Group Inc. provided guidance for its second quarter ended June 30, 2026, expecting total steel shipments between 175,000 and 180,000 tons. Adjusted EBITDA is projected to be in the range of $5 million to $15 million, significantly bolstered by a $45 million insurance settlement and a $50 million to $55 million capacity utilization adjustment benefit. CEO Rajat Marwah noted continued resilience with record plate sales and the first EAF unit ramp-up, despite broader market conditions impacting shipment volumes, and anticipates the second EAF unit to come online in the second half of the year.

Algoma Steel Group Inc. announced the voting results from its Annual Meeting of Shareholders held on June 23, 2026. All director nominees listed in the management information circular were elected with strong shareholder support. Shareholders also approved the appointment of Deloitte LLP as the company's auditors for the 2026 calendar year and passed the non-binding advisory resolution on executive compensation.

Algoma Steel Group Inc. announced the results of its Annual Meeting of Shareholders held on June 23, 2026. All nine nominees listed in the management information circular were elected as directors of the Company. Additionally, Deloitte LLP was appointed as the Company's auditors for the 2026 calendar year, and the non-binding advisory resolution on executive compensation was approved.

Algoma Steel Group Inc. announced the release of its 2025 Sustainability Report, covering the 12 months ended December 31, 2025. The report highlights a pivotal year marked by the successful start-up of its first Electric Arc Furnace (EAF) in July 2025 and the subsequent wind-down of blast furnace and coke oven operations. This transition to EAF steelmaking, Canada's largest industrial decarbonization project, is targeted to reduce the company's carbon emissions intensity by approximately 70% once fully operational, positioning Algoma as a leading producer of lower-carbon steel.

Algoma Steel Group Inc. announced the release of its 2025 Sustainability Report, highlighting a pivotal year marked by the successful transition to Electric Arc Furnace (EAF) steel production. The company commissioned its first EAF unit in July 2025 and ceased blast furnace and cokemaking operations in January 2026, completing Canada's largest industrial decarbonization project. This transition is targeted to reduce Algoma's carbon emissions intensity by approximately 70%, positioning it as a leading producer of lower-carbon steel. The report, aligned with SASB and TCFD, underscores Algoma's commitment to transparency and long-term value creation.