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    April 1, 2026

    Algoma anticipates another quarterly loss as shipments plummet

    Written by Laura Miller

    Algoma Steel Group Inc. released first-quarter earnings guidance, expecting to report a significant decline in shipments and adjusted EBITDA as the steelmaker continues its transition to electric-arc furnace steelmaking.

    Sault Ste. Marie, Ontario-based Algoma expects to report steel shipments of ~220,000 short tons (st) for the quarter. That would mark a 42% sequential decline from 378,533 st in the previous quarter and a 53% decline from Q1’25 shipments of 469,731 st.

    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.

    Read more from Laura Miller

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