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Algoma Steel Group Inc.Bullish
Algoma Steel Group Inc. (ASTL) has received a delisting determination from Nasdaq, resulting in the suspension of trading on the exchange effective November 20, 2024. This action follows the company's failure to meet continued listing requirements, posing significant liquidity risks to shareholders.…more
Algoma Steel Group Inc.
Algoma Steel Group Inc. will release its 2026 third quarter financial results after the market closes on October 28, 2026. A webcast and conference call to discuss the results and conduct a Q&A session will be held on October 29, 2026, at 11:00 a.m. ET.…more
Algoma Steel Group Inc.
Algoma Steel provided guidance for the third quarter of 2026, projecting steel shipments of approximately 145,000 tons and an Adjusted EBITDA between negative $10 million and negative $20 million. These results reflect production constraints caused by a turbine outage, and the company expects to normalize operations with the startup of EAF Unit Two in the fourth quarter.…more
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Algoma Steel to Announce 2026 Third Quarter Results on October 28
Algoma Steel announced that it will release its 2026 third quarter financial results after the market closes on October 28, 2026. A conference call to discuss the results and recent company developments is scheduled for October 29, 2026.…more
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Algoma Steel expects a Q3 adjusted EBITDA loss of up to $20 million due to production constraints from power plant outages. However, the company noted that power has been restored and it is preparing to ramp up its second electric arc furnace.…more
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Algoma Steel has resumed electric arc furnace production through interim power arrangements following an unplanned outage at its Lake Superior Power facility. The company is currently pursuing multiple options, including turbine repair and replacement, to restore full generating capacity.…more
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