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    Market Segment

    November 6, 2024

    Algoma swings to loss in fiscal Q2 on lower shipments, soft market

    Written by Ethan Bernard

    Algoma Steel Inc.

    Second quarter ended Sept. 3020242023% Change
    Revenue$600.3$732.6-18.1%
    Net earnings (loss)$(106.6)$31.1-442.8%
    Per diluted share$(0.98)$0.24-308.3%
    Six months ended Sept. 30
    Revenue$1,250.8$1,559.8-19.8%
    Net earnings (loss)$(100.5)$162.0-162.0%
    Per diluted share$(0.93)$1.09-185.3%
    (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.

    Read more from Ethan Bernard

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