Algoma Steel forecasts Q1 adjusted EBITDA loss of CAD 25-35 million

Reuters05:31
<a href="https://laohu8.com/S/ASTL">Algoma Steel</a> forecasts Q1 adjusted EBITDA loss of CAD 25-35 million
  • Algoma Steel guided for fiscal Q1 2026 steel shipments of about 220,000 tons.
  • Adjusted EBITDA expected at negative CAD 30 million to negative CAD 40 million.
  • Forecast includes CAD 90 million to CAD 100 million capacity utilization adjustment tied to excess fixed costs during Electric Arc Furnace ramp-up.
  • Outlook follows completion of blast furnace, coke oven wind-down, shifting production fully to 24/7 EAF steelmaking.


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: 202603311730PRIMZONEFULLFEED9682047) on March 31, 2026, and is solely responsible for the information contained therein.

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