Algoma Steel Group Inc. provided guidance for its second quarter ended June 30, 2025, projecting total steel shipments to be approximately 472,000 tons. The company expects Adjusted EBITDA for the quarter to be in the range of negative $30 million to negative $35 million.
CEO Michael Garcia noted that the results for the quarter were in line with expectations, with particular strength in the plate business. He acknowledged that macroeconomic uncertainties and tariff policy continue to impact the sector.
Garcia also confirmed that first arc and first steel production from Unit One of the Electric Arc Furnace project was achieved in the last few days. This milestone marks progress in the company's transformation into a green steel producer.
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