Welcome to our dedicated page for Algoma Steel Grp SEC filings (Ticker: ASTL), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Algoma Steel Group Inc.'s SEC filings document the regulatory disclosures of a Canadian foreign issuer that reports on Form 6-K and identifies its annual-report framework as Form 40-F. The filings include press-release exhibits covering operating results, shipment volumes, Adjusted EBITDA, guidance, cash flow, and the completed transition to electric arc furnace steelmaking.
Other filings record annual meeting logistics, common-share record and voting dates, notice-and-access procedures, and exchange/CUSIP information for the company's common shares. The filing record also documents disclosure topics tied to Volta, the modernized plate mill, defence and industrial supply initiatives, risk-language accompanying forward-looking statements, and governance matters for security holders.
Algoma Steel Group Inc. has filed materials for its June 23, 2026 virtual annual shareholders meeting, outlining voting procedures, board nominations, auditor appointment and an advisory “Say on Pay” vote on executive compensation. Shareholders of record on May 4, 2026 may participate and vote online.
The circular highlights Algoma’s strategic shift to Electric Arc Furnace steelmaking, including commissioning its first unit in 2025 and decommissioning legacy blast furnace and coke operations starting January 2026. Management links this transition to lower-carbon production, cost competitiveness, and alignment with Canada’s climate commitments, while detailing a pay-for-performance framework with below-target 2025 bonuses and long-term equity incentives tied to relative total shareholder return.
Algoma Steel Group Inc. reports a Schedule 13G/A showing Maple Rock Capital Partners Inc. and Xavier Majic each beneficially own 15,930,818 common shares, equal to 15.1% of the class as of March 31, 2026. The filing states the 105,388,619 share figure used to calculate the percentage is the number of Common Shares outstanding as of March 31, 2026, reported in an exhibit to a Form 6-K.
The Reporting Persons state Maple Rock Master Fund LP has the right to receive dividends or sale proceeds and that the Manager is Maple Rock Capital Partners Inc., with Xavier Majic serving as Chief Investment Officer. The parties file jointly but expressly disclaim membership in a group.
Algoma Steel Group Inc. reports institutional ownership disclosure by MMCAP International Inc. SPC and MM Asset Management Inc. The filing states the Reporting Persons share beneficial ownership of 12,845,622 Common Shares, representing 12.2% of the class based on 104,933,802 shares outstanding as of December 31, 2025.
The statement attributes shared voting power of 12,845,622 and shared dispositive power of 12,845,622 to the Reporting Persons and notes the Fund directly owns the shares while the Adviser may be deemed to beneficially own them. The disclosure is dated for the event of March 31, 2026 and signed on May 15, 2026.
Algoma Steel Group Inc. Schedule 13G: Donald Smith & Co., Inc. reports beneficial ownership of 6,028,929 shares of Common Stock, representing 5.75% of the class. The filing shows sole voting power of 5,891,220 shares and sole dispositive power of 5,973,190 shares. It separately lists DSCO Value Fund, L.P. with 55,739 shares. The filer states it acts as investment advisor and that the ultimate power to receive dividends and sale proceeds rests with its institutional clients. The filing is signed by Richard L. Greenberg as CEO and Co-CIO on 05/13/2026.
Algoma Steel Group reported a sharply weaker first quarter of 2026 as it completed its transition from coal-based blast furnace operations to electric arc furnace (EAF) steelmaking. Revenue fell to C$296.9 million from C$517.1 million, with steel shipments down 52.4% to 223,681 tons.
The company posted a net loss of C$159.4 million, compared with a C$24.5 million loss a year earlier, driven by lower volumes, a C$90.2 million capacity utilization charge linked to the accelerated transition, and higher tariff costs. Direct U.S. Section 232 tariffs rose to C$27.4 million from C$10.5 million.
Despite lower shipments, pricing and mix improved: average net sales realization increased to C$1,193 per ton from C$986, supported by record plate sales of 116,000 NT and a plate‑first strategy. Adjusted EBITDA was a loss of C$28.7 million, better than the C$46.7 million loss in Q1 2025.
EAF Unit 1 is fully operational, blast furnace production ended January 18, and construction of EAF Unit 2 is nearing completion with steel production expected in the third quarter of 2026. Algoma expects its EAF platform to deliver about 3.7 million tons of annual raw steel capacity and reduce carbon emissions by roughly 70% from pre‑EAF levels.
Liquidity remained substantial, with approximately C$553 million available at March 31, 2026, including C$65.3 million of cash, C$195.1 million of unused revolving credit, and C$292.5 million undrawn under Large Enterprise Tariff Loan facilities. Strategic initiatives include a joint venture, Roshel Algoma Defence, and a binding MOU with Hanwha Ocean with an aggregate potential value of US$250 million.
Algoma Steel Group Inc. will release its 2026 first quarter financial results after the market closes on May 12, 2026. Management will host a webcast and conference call on May 13, 2026 at 11:00 a.m. Eastern Time to review results, discuss recent events, and take questions.
The call will be accessible via the Investors section of Algoma’s website and by dedicated domestic and international dial-in numbers, with a replay available using passcode 13759815. The company also highlights its ongoing transition to electric arc furnace (EAF) steelmaking, which is expected to reduce carbon emissions by approximately 70% once fully implemented, supporting one of the largest industrial decarbonization initiatives in North America.
Algoma Steel Group Inc. has scheduled its Annual Meeting of Security Holders for June 23, 2026. Holders of common shares as of May 4, 2026 will be entitled to receive notice of the meeting and vote. The company will use notice-and-access for both registered and beneficial holders.
Algoma Steel Group Inc. reported the formation of Roshel Algoma Defence Solutions Inc. (RADS), a joint venture with Roshel Inc. to create a Canadian Centre of Excellence for ballistic steel production. The partnership aims to provide sovereign, made-in-Canada ballistic steel and full-cycle defence manufacturing capabilities.
RADS is positioned to support over 500 workers and supply ballistic steel solutions for Canadian defence programs such as Light Utility Vehicles and the Domestic Arctic Mobility Enhancement program, as well as marine, infrastructure, aerospace, and security applications, with potential exports to allied countries.
Algoma Steel Group issued preliminary guidance for its quarter ended March 31, 2026. The company expects total steel shipments of approximately 220,000 tons and Adjusted EBITDA in a range of negative $25 million to negative $35 million, reflecting weaker near-term demand.
The Adjusted EBITDA outlook includes a capacity utilization adjustment of $90 million to $95 million, representing excess fixed costs while its new Electric Arc Furnace ramps up. Management highlights that blast furnace and coke oven operations have been fully wound down after close to $1 billion of investment, completing Algoma’s transition to EAF steelmaking under its low‑carbon Volta™ brand.
The company emphasizes structural cost benefits from EAF technology and notes that, powered by Ontario’s grid, the transition is expected to reduce carbon emissions by approximately 70%, positioning Algoma as a Canadian supplier of lower‑carbon plate and sheet steel to infrastructure, construction, defense, and other sectors.
Algoma Steel Group reported heavy losses for the three and twelve months ended December 31, 2025, while completing its transition to electric arc furnace (EAF) steelmaking. Fourth quarter results were described as in-line with previously announced expectations despite severe trade and transition headwinds.
Fourth quarter revenue was $455.0 million, down from $590.3 million a year earlier, with shipments falling 31.0% to 378,533 tons. Net loss widened to $364.7 million from $66.5 million, driven by Section 232 tariff costs, lower volumes, higher per‑ton costs and transition-related depreciation, stranded inventory and severance.
For 2025, revenue was $2,085.7 million versus $2,461.7 million the prior year, and net loss expanded to $984.9 million from $139.0 million. Adjusted EBITDA swung to a loss of $261.4 million from a $22.4 million gain, reflecting reduced shipments, a large non‑cash impairment and $225.0 million of tariff costs. Cash fell to $77.5 million, though Algoma highlighted $194.5 million of undrawn revolver capacity and $417 million available under a $500 million government-backed liquidity facility as it ramps its new EAF platform and pivots toward higher‑value discrete plate production.