Tariffs, blast furnace wind-down push Algoma further into red

Algoma Steel Group Inc. is preparing to report another significant quarterly loss as it winds down its blast furnace operations and ramps up electric-arc furnace steelmaking.

In earnings guidance released on Thursday, the Canadian steelmaker said it expects to report an adjusted EBITDA loss of CA$95 million to CA$105 million (~US$68 million to US$76 million) for the fourth quarter of 2025.

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Laura Miller

Laura Miller is a reporter and editor for Steel Market Update. She has held various editorial positions with steel industry publications, associations, and mills since 2007. She joined the SMU team in 2022. She is a member of the Association of Women in the Metal Industries and a past-president of the AWMI Pittsburgh Chapter. She holds a BA in Latin American Studies from Edinboro University of Pennsylvania.