Welcome to our dedicated page for Algoma Steel Grp news (Ticker: ASTL), a resource for investors and traders seeking the latest updates and insights on Algoma Steel Grp stock.
Algoma Steel Group Inc. produces plate and sheet steel in Canada, with common shares traded on Nasdaq and the TSX under ASTL. Company news centers on steel shipments, revenue, Adjusted EBITDA, financial guidance, and the operating shift from blast furnace and coke oven production to electric arc furnace steelmaking.
Recurring updates also cover Volta, Algoma's brand for steel produced through its EAF technology, the modernized plate mill, and supply relationships tied to energy, defense, automotive, shipbuilding, infrastructure, and construction markets. Corporate news includes completed government financing, common-share warrant issuance, and defence-oriented partnerships such as Roshel Algoma Defence for ballistic steel production.
Algoma Steel Group (NASDAQ: ASTL; TSX: ASTL) will release its 2026 second quarter financial results after the market closes on Wednesday, July 29, 2026. Management will host a webcast and conference call on Thursday, July 30, 2026 at 11:00 a.m. Eastern Time to review results, discuss recent events, and hold a Q&A session.
The live webcast and replay will be available in the Investors section of Algoma’s website. Investors can also join by phone via domestic dial-in 877-425-9470 or international dial-in 201-389-0878, and can access a replay using domestic 844-512-2921 or international 412-317-6671 with passcode 13761609.
Algoma Steel (NASDAQ/TSX: ASTL) issued guidance for the quarter ended June 30, 2026. Total steel shipments are expected between 175,000 and 180,000 tons, with Adjusted EBITDA projected at $5–$15 million, including a $45 million insurance settlement and a $50–$55 million capacity utilization adjustment benefit.
The company notes record plate sales, ongoing ramp-up of its first electric arc furnace, plans to bring a second EAF online in the second half of 2026, and continued tariff and demand headwinds.
Algoma Steel Group (NASDAQ: ASTL; TSX: ASTL) reported the results of its June 23, 2026 annual shareholder meeting.
All director nominees were elected, Deloitte LLP was appointed auditor for calendar 2026, and a non-binding advisory resolution on executive compensation was approved by shareholders.
Algoma Steel (NASDAQ: ASTL) released its 2025 Sustainability Report covering the year ended December 31, 2025. The report details Algoma’s transition to Electric Arc Furnace (EAF) steelmaking, key milestones, and its sustainability governance framework.
Highlights include commissioning the first EAF in July 2025, ceasing Blast Furnace No. 7 and cokemaking operations in January 2026, and progress on a second EAF targeted for 2026. Algoma targets about a 70% reduction in carbon emissions intensity once the EAF transition is fully operational and aims to position itself as a leading lower‑carbon steel producer. The report follows SASB and TCFD frameworks and emphasizes transparency and long‑term value creation.
Algoma Steel (NASDAQ:ASTL, TSX:ASTL) reported Q1 2026 results reflecting its transition to electric arc furnace (EAF) steelmaking and a tougher tariff environment.
Revenue was $296.9 million, with a net loss of $159.4 million and Adjusted EBITDA loss of $28.7 million. Shipments fell to 223,681 tons amid the shift to plate-focused production, but average net sales realization rose to $1,193 per ton. EAF Unit 1 is fully operational, construction of Unit 2 is nearing completion, and plate sales reached a record 116,000 NT. Direct tariff costs increased to $27.4 million. Liquidity totaled about $553 million, and capital expenditures declined to $20.4 million. Algoma also formed the Roshel Algoma Defence joint venture and maintained a US$250 million-potential MOU with Hanwha Ocean.
Algoma Steel (NASDAQ: ASTL; TSX: ASTL) will release its 2026 first quarter financial results after market close on May 12, 2026. A live webcast and conference call to review results and answer questions is scheduled for May 13, 2026 at 11:00 a.m. ET.
Investors can access the live webcast and archived replay on the company’s Investors website. Dial-in and replay numbers with passcode are provided for domestic and international callers.
Algoma Steel (NASDAQ: ASTL) and Roshel formed Roshel Algoma Defence Solutions Inc. (RADS), a joint venture to produce sovereign ballistic steel and provide full-cycle metal fabrication in Sault Ste. Marie, Ontario.
RADS aims to support Canadian defence procurements—including LUVs, DAME, ships and submarines—serve adjacent industries, enable exports to allies, and create over 500 jobs.
Algoma Steel Group (NASDAQ: ASTL) provided Q1 2026 guidance for the quarter ended March 31, 2026. Total steel shipments are expected at approximately 220,000 tons. Adjusted EBITDA is expected to be negative $25 million to negative $35 million, which includes a $90–$95 million capacity utilization adjustment tied to EAF ramp-up. The company completed the wind-down of blast furnace and coke oven operations and has fully transitioned to Electric Arc Furnace (EAF) steelmaking after close to $1 billion of investment, producing its low‑carbon Volta brand. Management expects EAF-driven structural cost improvements to deliver sequential Adjusted EBITDA improvement despite near-term demand softness.
Algoma Steel (NASDAQ: ASTL) reported Q4 and full-year 2025 results showing a major operational transition and significant financial losses. Algoma completed shutdown of its blast furnace and fully transitioned to electric arc furnace (EAF) steelmaking, with the EAF operating 24 hours and producing all liquid steel.
Q4 revenue was $455.0M with a net loss of $364.7M; full-year revenue was $2,085.7M with a net loss of $984.9M. The company secured a $500M government-backed LETL facility and announced a binding MOU with Hanwha Ocean valued up to US$250M (subject to conditions).
Algoma Steel (NASDAQ: ASTL) will release its 2025 fourth quarter and full year results after market close on March 11, 2026. A webcast and conference call to review results and take questions is scheduled for March 12, 2026 at 11:00 a.m. ET.
Live and archived webcast access is available on the company's Investors website; dial-in and replay numbers with passcode are provided for domestic and international participants.