Algoma loss widens; updates on BF, coke-making repairs

Algoma Steel

Fiscal third quarter ended Dec. 31	2023	2022	% change
Revenue	$615.4	$567.8	8%
Net earnings (loss)	($84.8)	($69.8)	-21%
Per diluted share	($0.78)	($0.64)	-22%
Nine months ended Dec. 31
Revenue	$2,175.2	$2,101.1	4%
Net earnings (loss)	$77.2	$318.9	-76%
Per diluted share	$0.60	$1.66	-64%

(in millions of Canadian dollars except per share)

Ethan Bernard

Ethan Bernard is managing editor for Steel Market Update. He previously worked for American Metal Market as a copy editor in the New York office for two years, starting in 2008. Later, he copy edited AMM’s monthly magazine on a freelance basis from 2015 until 2017. With experience in financial copywriting and textbook publishing, he holds a BA in Comparative Literature from UC Berkeley, and an MFA in Creative Writing from New York University. He can be reached at ethan@steelmarketupdate.com or 724-759-7871.