Algoma Steel Group Reports Financial Results for the First Quarter 2025

Consolidated Revenue of $517.1 Million Shipments of 470K Tons, with an 11% Quarter over Quarter increase in Plate Product Shipments, at 91K Tons Net Loss of$ 24.5 Million and Adjusted EBITDA Loss of $46.7 Million, Including a$ 50 Million Insurance Proceeds Receivable First Steel Production from Transformative Electric Arc Furnace (“EAF”) Expected During Q2 2025 With no Material Change in Both Total Project Cost and 2025 EAF Production Expectations SAULT STE. MARIE, Ontario, April 29, 2025 (GLOBE NEWSWIRE) ...