Algoma Steel Group Inc. provided guidance for its third quarter ended September 30, 2025, projecting total steel shipments to be approximately 415,000 to 420,000 net tons. The company expects Adjusted EBITDA for the quarter to be in the range of negative $80 million to negative $90 million.
Michael Garcia, CEO of Algoma, noted that despite ongoing trade headwinds, the company achieved first arc and first steel from its electric arc furnace (EAF) in July. He also highlighted enhanced financial flexibility from federal and provincial support, allowing the company to prioritize Canadian market demand with a focused product mix.
Separately, the company announced that David Sgro has resigned from the board of directors for personal reasons. Mr. Sgro served as Chair of the Human Resources and Compensation Committee and a member of the Operations and Capital Projects Committee during a transformative period for Algoma.
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