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SAULT STE. MARIE, Ontario, Oct. 01, 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, today provided guidance for its quarter ended September 30, 2025. Unless otherwise specified, all amounts are in Canadian dollars.
Total steel shipments for the quarter are expected to be approximately 415,000 – 420,000 net tons and Adjusted EBITDA is expected to be negative $80 million – negative $90 million.
Michael Garcia, Chief Executive Officer of Algoma, commented: "Despite ongoing trade headwinds, we achieved first arc and first steel from our electric arc furnace (EAF) in July—marking a critical milestone in our transformation to low-carbon steelmaking. With enhanced financial flexibility from federal and provincial support, we are prioritizing Canadian market demand with a focused plate and coil product mix. We remain confident in our strategy and long-term value creation potential for shareholders."
