Algoma Steel Group Inc. Provides Guidance for the Third Quarter 2026
Algoma Steel guided Q3 2026 (quarter ended Sept 30) to approximately 145,000 tons of steel shipments and Adjusted EBITDA of negative C$10M to negative C$20M, reflecting the LSP turbine outage. The guidance includes an expected capacity utilization adjustment benefit of roughly C$50-55M. Management said lower volumes and a less favourable sales mix drove the weak quarter.
Key figures
- Guidance
- Q3 2026 total steel shipments ~145,000 tons; Adjusted EBITDA negative C$10M to negative C$20M, including an expected capacity utilization adjustment of ~C$50-55M
- Adjusted ebitda cad
- -C$10M to -C$20M
- Steel shipments tons
- 145000
- Capacity utilization adjustment
- C$50M-C$55M
AI analysis
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