$ASTL

Five metals producers (Ero Copper, Nexa Resources, Constellium, Algoma Steel, New Found Gold) traded higher despite pullbacks in gold, silver, and copper futures. Ero Copper reported record Q3 results with copper and gold production increases. Nexa Resources saw a 62% YoY rise in adjusted EBITDA. Constellium raised its 2026 guidance. Algoma Steel transitioned to electric arc furnace steelmaking. New Found Gold updated its Queensway project assessment.

Algoma Steel secured a $182M contract with Seaspan to supply up to 24,000 metric tonnes of steel for six Canadian Coast Guard icebreakers. The deal supports Canada's National Shipbuilding Strategy and domestic steel industry. Algoma Steel will produce structural steel for the vessels, with production expected to begin soon. According to Algoma Steel's CEO, this is the largest order of polar-class steel in the company's history.

Algoma Steel began production from a second electric arc furnace (EAF) at its Canadian plant, aiming to complete its transition from blast furnace steelmaking. The new unit, operational since October 9, is expected to boost fourth-quarter shipments. At full capacity, the two EAFs will produce 3.7 million tons of crude steel annually, reducing carbon emissions by 70%.

Algoma Steel (ASTL.TO) seeks insurance payout after a turbine failure caused a 12-day steelmaking halt. CFO Michael Moraca stated they may receive proceeds for the unplanned outage. The company leased a replacement turbine for $35 million, expected to be installed by Q4 2026, to enhance redundancy and avoid future downtime.

Algoma Steel Group (ASTL) reported Q3 earnings, highlighting the restoration of full generating capability at Lake Superior Power and the successful ramp-up of EAF Unit Two. The company expects Q4 shipments to rise 25-35% and significant EBITDA improvement. Algoma had C$428 million in total liquidity at quarter-end and anticipates 2027 average production of 1.2 million tons.

Algoma Steel Group Inc. (ASTL) furnished an SEC Form 6-K — earnings release. Exhibit 99.1 MEDIA RELEASE October 28, 2026 Algoma Steel Group Inc. Reports Financial Results for the Three Months Ended September 30, 2026 Adjusted EBITDA Loss of $13.9 Million, In Line with Previously Announced Expectations Lake Superior Power Restored to Full Power Following T

Algoma Steel Group Inc. (ASTL) will release its Q3 2026 financial results on October 28, 2026, followed by a conference call on October 29, 2026. The company, a Canadian steel producer, is transitioning to electric arc furnace (EAF) steelmaking to reduce carbon emissions. The call will discuss results, recent events, and include a Q&A session.

Algoma Steel (ASTL) expects Q3 steel shipments to drop 65% to ~145K tons due to a turbine outage, causing a 2.4% post-market stock decline.

Algoma Steel Group Inc. (ASTL) anticipates Q3 2026 steel shipments of ~145K tons and Adjusted EBITDA of $(10)M to $(20)M, including a $50M–$55M capacity utilization adjustment, due to outage-related disruptions.

Algoma Steel Group Inc. (ASTL) expects Q3 2026 steel shipments of 145,000 tons and Adjusted EBITDA between -$10M and -$20M. The company restored power at Lake Superior Power and is nearing production at EAF Unit Two. CEO Rajat Marwah and CFO Michael Moraca discussed the impacts of the turbine outage and future plans.