Algoma Steel Group Reports Q3 Revenue of $523.9 Million

Reuters10-30

<a href="https://laohu8.com/S/ASTL">Algoma Steel</a> Group Reports Q3 Revenue of $523.9 Million

Algoma Steel Group Inc. reported consolidated revenue of $523.9 million for the third quarter ended September 30, 2025, compared to $600.3 million in the same period of the previous year. The company continued the ramp-up of its electric arc furnace $(EAF)$ project, achieving first arc and steel production in early July. The EAF and associated assets demonstrated stable performance and consistent quality metrics. In response to ongoing trade disruptions, Algoma's board approved an accelerated plan to decommission its blast furnace and coke oven operations, shifting capacity to its new EAF facility. The company plans to focus on plate production and scale back coil production to align with domestic demand, aiming to reduce tariff exposure, lower operating costs, and improve cash efficiency. Algoma also reported securing $500 million in government support to strengthen liquidity.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Algoma Steel Group Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9564800-en) on October 29, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2579131438?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-10-30 05:00","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2579131438","market":"nz","top_or_hot":-1,"title":"Algoma Steel Group Reports Q3 Revenue of $523.9 Million","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      <a href=\"https://laohu8.com/S/ASTL\">Algoma Steel</a> Group Reports Q3 Revenue of $523.9 Million\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        <a href=\"https://laohu8.com/S/ASTLW\">Algoma Steel</a> Group Inc. reported consolidated revenue of $523.9 million for the third quarter ended September 30, 2025, compared to $600.3 million in the same period of the previous year. The company continued the ramp-up of its electric arc furnace <a href=\"https://laohu8.com/S/EAF\">$(EAF)$</a> project, achieving first arc and steel production in early July. The EAF and associated assets demonstrated stable performance and consistent quality metrics. In response to ongoing trade disruptions, Algoma's board approved an accelerated plan to decommission its blast furnace and <a href=\"https://laohu8.com/S/KO\">coke</a> oven operations, shifting capacity to its new EAF facility. The company plans to focus on plate production and scale back coil production to align with domestic demand, aiming to reduce tariff exposure, lower operating costs, and improve cash efficiency. Algoma also reported securing $500 million in government support to strengthen liquidity.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Algoma Steel Group Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9564800-en) on October 29, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Algoma Steel Group Reports Q3 Revenue of $523.9 Million</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAlgoma Steel Group Reports Q3 Revenue of $523.9 Million\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-10-30 05:00</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      <a href=\"https://laohu8.com/S/ASTL\">Algoma Steel</a> Group Reports Q3 Revenue of $523.9 Million\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        <a href=\"https://laohu8.com/S/ASTLW\">Algoma Steel</a> Group Inc. reported consolidated revenue of $523.9 million for the third quarter ended September 30, 2025, compared to $600.3 million in the same period of the previous year. The company continued the ramp-up of its electric arc furnace <a href=\"https://laohu8.com/S/EAF\">$(EAF)$</a> project, achieving first arc and steel production in early July. The EAF and associated assets demonstrated stable performance and consistent quality metrics. In response to ongoing trade disruptions, Algoma's board approved an accelerated plan to decommission its blast furnace and <a href=\"https://laohu8.com/S/KO\">coke</a> oven operations, shifting capacity to its new EAF facility. The company plans to focus on plate production and scale back coil production to align with domestic demand, aiming to reduce tariff exposure, lower operating costs, and improve cash efficiency. Algoma also reported securing $500 million in government support to strengthen liquidity.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Algoma Steel Group Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9564800-en) on October 29, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4588","symbol_name":"碎股","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20251029:nNDL13VyCb:1","article_id":"2579131438","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2579131438","pubTimestamp":1761771621,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Algoma Steel Group Inc. reported consolidated revenue of $523.9 million for the third quarter ended September 30, 2025, compared to $600.3 million in the same period of the previous year. The company continued the ramp-up of its electric arc furnace  project, achieving first arc and steel production in early July. The EAF and associated assets demonstrated stable performance and consistent quality metrics. In response to ongoing trade disruptions, Algoma's board approved an accelerated plan to decommission its blast furnace and coke oven operations, shifting capacity to its new EAF facility. The company plans to focus on plate production and scale back coil production to align with domestic demand, aiming to reduce tariff exposure, lower operating costs, and improve cash efficiency. Algoma also reported securing $500 million in government support to strengthen liquidity.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4588":"碎股","IE00BGHQF748.EUR":"GUINNESS GLOBAL MONEY MANAGERS \"C\" (EUR) ACC","BK4585":"ETF&股票定投概念","BK4112":"金融交易所和数据","LU0314104364.USD":"MANULIFE GF AMERICAN GROWTH \"AA\" (USD) INC","IE00B64PRP62.GBP":"GUINNESS GLOBAL MONEY MANAGERS \"C\" (GBP) ACC","LU2210149790.SGD":"Natixis Thematics Subscription Economy R/A SGD-H","NDAQ":"纳斯达克OMX交易所","LU2095319765.USD":"Natixis Thematics Subscription Economy R/A USD","ASTL":"Algoma Steel Inc.","IE00BKPKM429.USD":"NEUBERGER BERMAN GLOBAL SUSTAINABLE EQUITY \"A\" (USD) ACC","IE00B3QW5Z07.USD":"GUINNESS GLOBAL MONEY MANAGERS \"C\" (USD) ACC","BK4006":"钢铁","LU2210150020.SGD":"Natixis Thematics Subscription Economy R/A SGD"},"translate_title":"阿尔戈马钢铁集团报告第三季度营收为5.239亿美元","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NDAQ":0.9,"ASTL":0.9},"content_text":"Algoma Steel Group Reports Q3 Revenue of $523.9 Million\n    \n\nAlgoma Steel Group Inc. reported consolidated revenue of $523.9 million for the third quarter ended September 30, 2025, compared to $600.3 million in the same period of the previous year. The company continued the ramp-up of its electric arc furnace $(EAF)$ project, achieving first arc and steel production in early July. The EAF and associated assets demonstrated stable performance and consistent quality metrics. In response to ongoing trade disruptions, Algoma's board approved an accelerated plan to decommission its blast furnace and coke oven operations, shifting capacity to its new EAF facility. The company plans to focus on plate production and scale back coil production to align with domestic demand, aiming to reduce tariff exposure, lower operating costs, and improve cash efficiency. Algoma also reported securing $500 million in government support to strengthen liquidity.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Algoma Steel Group Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9564800-en) on October 29, 2025, and is solely responsible for the information contained therein.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"dataReport,express","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.12","shortVersion":"4.35.12","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2579131438","isCrawlerRequest":true}