Algoma earnings tumble in Q1, tariff woes continue

Algoma Steel Inc.

First quarter ended March 31	2026	2025	% Change
Net sales	$296.9	$517.1	-42.6%
Net earnings (loss)	$(159.4)	$(24.5)	-550.6%
Per diluted share	$(1.46)	$(0.48)	-204.2%

(in millions of Canadian dollars except per share)

Algoma
Canada
earnings
Plate

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.