Latest Algoma Steel News & Updates

See the latest news and media coverage for Algoma. We track all announcements, press releases, and industry mentions in real time, all in one place.

Algoma Steel (Algoma)

Canadian electric arc furnace steel producer

algoma.com

Headquarters: Sault Ste. Marie, Canada
Founded year: 1901
Company type: Public company
Number of employees: 1,000–5,000
Industry: Iron & Steel

Last updated Today

Latest news about Algoma Steel (Algoma)

In short: Algoma navigated a major transition to electric arc furnace steelmaking while facing significant financial losses and U.S. steel tariffs.

Company announcements

June 8 Algoma

Algoma partners with Hanwha and APMA for defence platforms

The MoU creates a fully domestic value chain for Canadian defence-grade steel production.

May 4 Algoma

Algoma welcomes Canada's $1.5 billion support for tariff-impacted industries

The funding aids steel competitiveness, supply chain, and jobs. Algoma thanks the government and anticipates collaboration for sustainable steel.

April 30 Algoma

Algoma Steel announces Q1 2026 results release

The webcast and conference call occur on May 13 at 11:00 a.m. ET to review results and developments.

April 7 Algoma

Algoma forms Roshel Algoma Defence joint venture

The partnership with Roshel establishes a Canadian Centre of Excellence for ballistic steel production, supporting defence procurements and creating jobs.

Media coverage

July 31 Northern Ontario Business

Algoma Steel says beam mill plan remains real, despite submarine contract setback

Algoma s uffered a setback earlier this month when its South Korean industry partner, Hanwha Ocean, lost out to German shipbuilder Thyssenkrupp Marine Systems in...

July 30 Seeking Alpha

Algoma expects first steel from EAF Unit 2 later this quarter as it targets 1.5M-2M tons run rate into 2027

Q2 emphasized an "all liquid steel production … entirely from our EAF platform" full-quarter milestone and a specific Unit 2 timing ("later this quarter"), while...

July 30 Yahoo Finance

Algoma Steel Group Inc. Q2 2026 Earnings Call Summary

Achieved a critical milestone with the first full quarter of liquid steel production sourced entirely from the Electric Arc Furnace (EAF) platform, marking the end...

July 30 MarketWatch

Algoma Steel Revenue Falls as Tariffs Weigh

Algoma Steel reported lower revenue in the second quarter as U.S. tariffs and its transition to electric-arc-furnace steelmaking weighed on results. The Canadian steelmaker reported...

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