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SAULT STE. MARIE, Ontario, July 15, 2025 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ:ASTL, TSX:ASTL) ("Algoma" or "the Company"), a leading Canadian producer of hot and cold rolled steel sheet and plate products, announced today that the Company will release its 2025 second quarter financial results after the market closes on Tuesday, July 29, 2025. A webcast and conference call will be held on Wednesday, July 30, 2025 at 11:00 a.m. Eastern Time to review the Company's results, discuss recent events, and conduct a question-and-answer session. The Company also provided guidance for its quarter ended June 30, 2025. Unless otherwise specified, all amounts are in Canadian Dollars.
Total steel shipments for the quarter are expected to be approximately 472,000 tons and Adjusted EBITDA is expected to be in the range of ($30) million to ($35) million.
Michael Garcia, Chief Executive Officer of Algoma, commented, "Our results for the quarter were in line with our expectations, with particular strength once again in our plate business. Macroeconomic uncertainties and tariff policy continue to impact our sector, but with first arc and first steel production from unit one of our electric arc furnace project achieved in the last few days, we are forging ahead with our transformation into what is expected to be one of North America's greenest producers of steel."
The live webcast and archived replay of the conference call can be accessed on the Investors section of the Company's website at www.ir.algoma.com. For those unable to access the webcast, the conference call will be accessible domestically or internationally by dialing 877-425-9470 or 201-389-0878, respectively. Upon dialing in, please request to join the Algoma Steel Second Quarter Conference Call. To access the replay of the call, dial 844-512-2921 (domestic) or 412-317-6671 (international) with passcode 13754580.
