Algoma Steel Group Inc.
No SEC Form 4 filings for $ASTL in the last 30 days.
Algoma Steel Group Inc. reported a Q2 net loss of $96M, versus a $110.6M loss a year earlier. Net loss per diluted share was 88 cents, versus $1.02. Revenue fell to $267.5M from $589.7M. Shipments dropped to 181,473 tons from 472,056. Direct tariff costs were $18.7M, down from $64.1M.
The chief executive of Algoma Steel ASTL-T says the company is ramping up its pivot to the Canadian market as headwinds from U.S. tariffs constrain its shipments south of the border. Rajat Marwah says the steelmaker incurred US$18.7-million in direct tariff costs in the second quarter, down from US$64.1-million a year ago, as it reduced its exports to the U.S. “The 50 per cent U.S.
Algoma Steel said it is increasing focus on the Canadian market as U.S. tariffs limit shipments. CEO Rajat Marwah cited $18.7M in direct tariff costs in Q2, down from $64.1M a year earlier, after cutting U.S. exports. Algoma posted a Q2 net loss of $96M, or 88 cents per diluted share, versus $110.6M and $1.02 a year ago. Q2 shipments were about 181,500 tons, down 62% YoY.
Over the past 7 days, alphai's AI scored 1 news story mentioning ASTL (Algoma Steel Group Inc.). Coverage has skewed bearish: 0 bullish, 0 neutral, and 1 bearish.
Recent ASTL coverage spans earnings, market movers and financial news.
The quarter shows sharp demand and cost/tariff pressure, which can reset near-term earnings expectations for ASTL.
Tariff drag is forcing a mix shift toward Canadian production and higher-margin plate, with potential near-term earnings pressure but clearer demand alignment.
Tariff headwinds are directly pressuring volumes and margins, but the company frames rising steel prices as an offset.
EAF-only ramp-up is driving lower volumes, higher operating losses, and cash burn, but management flags declining transition costs and commissioning progress.
Transformation progress is improving profitability metrics, but revenue collapse and large losses keep the risk elevated.
alphai scores every news story that mentions ASTL with an AI model for sentiment and relevance, and aggregates insider trades from Algoma Steel Group Inc.'s SEC EDGAR Form 4 filings. Figures refresh continuously.
Algoma Steel Group Inc. reported a Q2 net loss of $96M, versus a $110.6M loss a year earlier. Net loss per diluted share was 88 cents, versus $1.02. Revenue fell to $267.5M from $589.7M. Shipments dropped to 181,473 tons from 472,056. Direct tariff costs were $18.7M, down from $64.1M.
2 min readThe chief executive of Algoma Steel ASTL-T says the company is ramping up its pivot to the Canadian market as headwinds from U.S. tariffs constrain its shipments south of the border. Rajat Marwah says the steelmaker incurred US$18.7-million in direct tariff costs in the second quarter, down from US$64.1-million a year ago, as it reduced its exports to the U.S. “The 50 per cent U.S.
6 min readAlgoma Steel said it is increasing focus on the Canadian market as U.S. tariffs limit shipments. CEO Rajat Marwah cited $18.7M in direct tariff costs in Q2, down from $64.1M a year earlier, after cutting U.S. exports. Algoma posted a Q2 net loss of $96M, or 88 cents per diluted share, versus $110.6M and $1.02 a year ago. Q2 shipments were about 181,500 tons, down 62% YoY.
3 min readAlgoma Steel reported a Q2 2026 loss, with the quarterly loss slightly smaller than the prior year’s $110.6 million. The company cited the shift from blast furnace to electric arc furnace (EAF) steel after U.S. Section 232 tariffs. Q2 revenue fell to $267.5 million from $589.7 million; loss from operations was $134.2 million. Cash used in operations was $79.4 million. Algoma shipped 181,473 tons.
3 min readThe article updates investors on Canada small caps and recent earnings. It highlights Ag Growth International (AFN) Q2 revenue $323m, adjusted EBITDA $43.3m, and a 22% YoY drop in its order book to $516m. It also covers Algoma Steel (ASTL) Q2 revenue $267.5m and Canfor (CFP) Q2 sales $1.53b, plus Endeavour Silver (EDR) Q2 revenue US$212.1m.
7 min readAlgoma Steel Group Inc. (ASTL) reported a Q2 net loss of $96M, versus a $110.6M loss a year earlier. Net loss per diluted share was 88 cents, versus $1.02. Revenue fell to $267.5M from $589.7M, shipments to 181,473 tons from 472,056. Direct tariff costs were $18.7M, down from $64.1M.
3 min readAlgoma Steel Group Inc. (NASDAQ: ASTL, TSX: ASTL) reported Q2 2026 results for the three months ended June 30, 2026. Revenue fell to C$267.5 million from C$589.7 million, with net loss of C$96.0 million. Adjusted EBITDA was C$13.8 million (margin 5.2%), helped by a C$45.0 million insurance settlement. Shipments dropped to 181,473 tons. EAF unit two nears completion, with first steel expected in Q3 2026.
6 min readAlgoma Steel faces a criminal trial in Ontario tied to the June 15, 2023 death of 21-year-old contract worker Damien Bryant at its Sudbury plant. Three charges were laid May 2, 2024, with trial dates set for Sept. 1-11 and Oct. 27. Separately, Algoma Steel seeks $2 million from GFL in civil court, alleging breach of contract and negligence; GFL has not filed a defence.
4 min readCBC reports Canada is expected to award a multibillion-dollar contract to German shipbuilder ThyssenKrupp Marine Systems (TKMS) to build 12 submarines, replacing the Victoria-class. The South Korean bidder Hanwha Ocean’s MoUs included $345M for Algoma Steel’s Sault Ste. Marie beam mill and Canadian steel use in armoured vehicles; Algoma says it won’t comment until the announcement.
6 min readAlgoma Steel Group Inc. (ASTL) reported significantly lower first-quarter 2026 results, with revenues down 55.1% to $213.6 million and a gross loss of $91.1 million. The company also experienced a net loss of $114.7 million and a diluted loss per share of -$1.05, leading to a 6.0% drop in stock price after the announcement. Financial highlights indicate pressure on liquidity and elevated liabilities, with many institutional investors adjusting their positions.
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