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News  ›  GlobeNewswire Inc.

Algoma Steel Group Reports Financial Results for the Third Quarter 2025

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Algoma Steel Group Inc.
Algoma Steel Group Reports Financial Results for the Third Quarter 2025

Algoma Steel reported significant financial challenges in Q3 2025, including a $485.1 million net loss, impacted by U.S. trade tariffs and market headwinds. The company is accelerating its electric arc furnace transformation and secured $500 million in government liquidity support to navigate current market conditions.

Insights
ASTL   negative

Reported substantial net loss of $485.1 million, significant impairment loss of $503.4 million, reduced steel shipments, tariff impacts, and challenging market conditions