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 producer of steel sheet and plate

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 October 29

Latest news about Algoma Steel (Algoma)

In short: Algoma reported a $130 million third-quarter loss as it completed its electric-arc-furnace transition

Company announcements

October 29 Algoma

Algoma reports Q3 losses

Net loss reached $130 million due to lower volumes. The company completed its transition to electric arc furnace steelmaking.

October 1 Algoma

Algoma provides Q3 2026 financial guidance

The company expects shipments of 145,000 tons and Adjusted EBITDA between negative $10 million and negative $20 million.

July 29 Algoma

Algoma reports Q2 2026 results with adjusted EBITDA of $13.8 million

Revenue was $267.5 million amid US tariff impacts, while EAF Unit Two construction nears completion for Q3 production.

July 28 Algoma

Algoma reports net loss and halts blast furnace operations in first half of 2026

The company accelerated its transition to electric arc furnace steelmaking due to US tariffs, suspended a strategic MOU with Hanwha Ocean, and issued layoff notices.

Media coverage

October 28 The Canadian Press

Algoma Steel Group Inc. Reports Financial Results for the Three Months Ended September 30, 2026

SAULT STE. MARIE, Ontario, Oct. 28, 2026 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), a leading Canadian...

October 21 Sootoday

Carney, Ford pump billions into 'ground zero' of steel tariff war

Sault MP Terry Sheehan is crediting the leadership of Prime Minister Mark Carney after today's announcement of $5.2 billion in new federal and provincial funding...

October 20 BNN Bloomberg

Algoma Steel reports $129.6M net loss in Q3, compared with $485.1M loss last year

Algoma Steel Group Inc. reported a net loss of $129.6 million during the third quarter, compared with a net loss of $485.1 million during the...

October 14 Steel Technology

Steel-technology

In 2013, Essar Steel Algoma won a battle against organized labour when the Ontario government approved a new rule that allowed it to lower its...

Never miss news about Algoma

Track Algoma and your other target companies to get real-time alerts and weekly summaries delivered straight to your inbox.

Algoma competitors & trending companies

Browse news for competitors to Algoma and other trending companies.