Algoma posts narrower Q4 loss, braces for tariff impact as US shipments pause

Algoma Steel Inc.

Fourth quarter ended Dec. 31	2024	2023	Change
Net sales	$590.3	$615.4	-4.1%
Net earnings (loss)	$(66.5)	$(84.8)	21.6%
Per diluted share	$(0.61)	$(0.78)	21.8%
Full year ended Dec. 31
Net sales	$1,841.1	$2,795.8	-34.1%
Net earnings (loss)	$(167.0)	$105.2	-259%
Per diluted share	$(1.54)	$0.70	-320%

(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.