Algoma Steel Provides Guidance for the Fourth Quarter of 2025

Core Insights - Algoma Steel Group Inc. provided guidance for its quarter ended December 31, 2025, indicating total steel shipments expected to be between 375,000 to 380,000 tons and Adjusted EBITDA anticipated to be in the range of negative $95 million to negative $105 million [2][3] Group 1: Financial Performance - Total steel shipments for the quarter are projected to be between 375,000 to 380,000 tons [2] - Adjusted EBITDA is expected to be between negative $95 million to negative $105 million [2] Group 2: Operational Developments - The fourth-quarter results reflect the ongoing impact of steel tariffs and the wind-down of blast furnace operations, which are expected to conclude shortly [3] - The first unit of the Electric Arc Furnace (EAF) project is now operating six days a week, with the second unit on schedule [3] - The transition to EAF steelmaking is aligned with Canada's national interest, aiming to strengthen domestic steelmaking capacity and support critical infrastructure [3] Group 3: Sustainability Initiatives - The transition to EAF steelmaking is one of the largest industrial decarbonization initiatives in North America, expected to reduce carbon emissions by approximately 70% once fully transitioned [5] - Algoma is introducing Volta™, a brand for all steel produced through EAF technology, which promises lower emissions while maintaining performance [6] - The company continues to invest in its people, processes, and technologies to enhance domestic supply chains and produce responsible Canadian-made steel [6]