$ASTL

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.

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.