Algoma sees narrower Q2 loss but feels tariff sting

Algoma Steel expects a narrower sequential loss in the second quarter, but the company continues to be impacted by the US tariff situation.

The Sault Ste. Marie, Ontario-based steelmaker issued Q2’25 guidance for an adjusted EBITDA loss in the range of CAD$30 million to CAD$35 million (USD$22 million to $26 million). That compares to a loss of CAD$46.7 million in the previous quarter and adjusted EBITDA of CAD$37.7 million a year earlier.

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.