SAULT STE. MARIE – Algoma Steel Group Inc. has released guidance for the second quarter, saying it expects total steel shipments to be between 175,000 and 180,000 tons.
In the second quarter of 2025, Algoma reported shipments of 472,056 tons.
The company also says it expects its adjusted earnings before deductions to come in between $5 million and $15 million.
Rajat Marwah, Algoma’s CEO, says U.S. tariffs remain a structural headwind, but the company continues to make progress on its pivot to a more Canada-centric strategy.
He says the recent rise in steel prices is encouraging and the company is well positioned to serve growing infrastructure, construction and defence demand.
Algoma reported a net loss of $159.4 million during the first quarter, compared with a net loss of $24.5 million during the same period a year earlier.
This report by The Canadian Press was first published June 30, 2026.
Companies in this story: (TSX: ASTL)
