Algoma Steel Sees Q4 Loss on Tariffs and Blast Furnace Wind-Down

Core Insights - Algoma Steel Group Inc. (ASTL) has provided guidance for Q4 2025, expecting steel shipments of 375,000 to 380,000 tons and a negative adjusted EBITDA between C$95 million and C$105 million [1][7] Financial Performance - The company's results align with expectations, reflecting challenges from steel tariffs and the wind-down of blast furnace operations [2][7] - ASTL's stock has decreased by 48.8% over the past year, contrasting with the industry's growth of 45.2% [5] Operational Developments - The Electric Arc Furnace (EAF) project is operational six days a week, with the first unit running and the second unit on schedule [3][7] - The transition to EAF steelmaking is seen as a growth opportunity, with ongoing discussions to expand finishing capabilities [3] Industry Context - The EAF growth plan supports Canada's goal of enhancing domestic steelmaking capacity and reinforcing industrial competitiveness [3]