Algoma Steel Group Inc. ASTL
Updated: 9 Aug 2026
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Recent News
On July 29, 2026, Algoma Steel reported its second quarter 2026 financial results, posting revenue of C$267.5 million and positive Adjusted EBITDA of C$13.8 million. Results were impacted by the transition to electric arc furnace (EAF) steelmaking and U.S. Section 232 tariffs, but were supported by record plate sales and insurance proceeds. The company confirmed that its first EAF unit is fully operational, with the second unit expected to produce first steel in the third quarter of 2026.
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