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    July 30, 2026

    Algoma narrows losses in Q2, highlights EAF transition

    Written by Kristen DiLandro

    Algoma Steel Inc.

    Second quarter ended June 3020262025% Change
    Net sales$267.5$589.7-54.6%
    Net earnings (loss)($96.0)($110.6)13.2%
    Per diluted share($0.88)($1.02)13.7%
    Six months ended June 30
    Net sales$564.4$1,106.8-49%
    Net earnings (loss)($34.3)($26.6)28.9%
    Per diluted share($2.34)($1.24)88.7%
    (in millions of Canadian dollars except per share)

    Kristen DiLandro

    Kristen DiLandro is a reporter for Steel Market Update. Kristen focuses on the micro and macro steel market conditions informing North American spot prices. Following her agency career in advertising, she attained an MFA in Writing from Savannah College of Art and Design. Kristen can be reached at kristen@steelmarketupdate.com or 724-221-8143.

    Read more from Kristen DiLandro

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