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    October 29, 2026

    Algoma's losses narrow in Q3, but tariffs and EAF transition challenges remain

    Written by Ethan Bernard

    Algoma Steel Group Inc.

    Third quarter ended Sept. 3020262025Change
    Net sales$249.4$523.9-52.4%
    Net earnings (loss)($129.6)($485.1)73.3%
    Per diluted share($1.18)($4.46)73.5%
    Nine months ended Sept. 30
    Net sales$813.8$1,630.7-50.1%
    Net earnings (loss)($385.0)($620.2)37.9%
    Per diluted share($3.53)($5.71)38.2%
    (in millions of Canadian dollars except per share figures)

    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.

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