$ASTL

Algoma Steel resumed production on August 29, 2026, after an unplanned outage at its Lake Superior Power facility. The company secured an arrangement with Ontario's Independent Electricity System Operator to restart operations while a turbine remains out of service. Algoma is exploring options to restore full capacity, including repairs and securing a replacement turbine. The company is assessing potential impacts on production and shipments.

The U.S. imposed 50% tariffs on $20B of Canadian goods, prompting Canada to retaliate. Canadian National Railway (CNR), Magna International (MG), and Algoma Steel Group (ASTL) are exposed. Tariffs may impact trade, inflation, and specific industries.

Algoma Steel said its electric arc furnace at Sault Ste. Marie was taken offline after a power outage and an abnormality triggered an automatic shutdown. The company suspects a turbine issue at the Lake Superior Generating Station and plans to combine repairs with a planned maintenance outage. The outage could last up to 21 days, while finishing operations continue. The IESO is working on a temporary power arrangement.

Algoma Steel Group said it temporarily halted electric arc furnace production after an unplanned electrical outage at its Lake Superior Power plant, triggered by an abnormal condition on one turbine unit. Teams are assessing repairs and accelerating scheduled maintenance. Finishing and shipping continue, but future shipment volumes may be affected. Algoma is coordinating with IESO and GE Vernova to restart, targeting up to 10 days, with outage possibly lasting up to 21 days. Shares fell to about

Algoma Steel (ASTL) said an outage at its captive Lake Superior Power plant suspended electric arc furnace operations, potentially affecting future shipment volumes. One turbine unit was taken offline after an abnormal condition, while others kept running. The company expects the outage to last up to 21 days and is working with GE Vernova to commission a spare turbine. Shares were down 5.3% premarket.

Algoma Steel Group said an unexpected outage occurred at its Lake Superior power plant after a turbine unit detected an abnormal condition and shut down automatically. The firm suspended electric arc furnace production, is assessing the equipment with specialists, and expects no major near-term delivery impact but possible lower future shipments. It expects repairs within 21 days and an alternative power setup within about 10 days. ASTL shares were down 5.37% pre-market at $4.05.

CIRO has halted trading in Algoma Steel Group Inc. (TSX: ASTL) for all issues due to pending news, according to the CIRO notice. The halt is effective as of Aug. 17, 2026, and is intended to await further company information.

Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) said an unplanned outage occurred at its Lake Superior Power generating facility after a turbine unit detected an abnormal condition and shut down automatically. Other units were unaffected. Algoma suspended electric arc furnace production, while finishing and shipping continued. It expects no major near-term delivery impact but may see reduced future shipment volumes.

Algoma Steel Group (NASDAQ: ASTL) said one turbine at its Lake Superior Power generating facility went offline after an abnormal condition, while other units kept running. Because LSP supplies electricity to its electric arc furnace, EAF production was suspended. Algoma expects the outage to last up to 21 days, with a possible restart in about 10 days if an alternative power plan is approved, and it is working with GE Vernova on a spare turbine.

Canadian Press roundup of quarterly results. Intact Financial said its Q2 catastrophe and large losses were $247M above expectations. First Quantum Minerals reported Q2 net earnings of US$136M, revenue US$1.5B, and copper output 100,487 tonnes. CGI posted Q3 profit $465.2M, revenue $4.19B, backlog $31.79B. Algoma Steel reported Q2 net loss $96M; Spin Master profit 29 cents US/share.