Algoma Steel Group Inc. (ASTL) Form 6-K — May 22, 2026
Algoma Steel Group Inc. reported a net loss of $984.9 million for fiscal year 2025, driven by a $1.3 billion operating loss amid severe trade disruptions and weak demand. The company’s revenue declined 15% to $2.1 billion, while shipments fell to 1.74 million tons from 2.02 million tons in the prior year. In response to structural headwinds, the Board approved the wind-down and decommissioning of its blast furnace and coke oven operations, effectively ending its integrated ironmaking business.
Key figures
- Total Debt
- 0
- Cash Position
- 0
- Shares Outstanding
- 105388619
- Shipments tons
- 1739493
- Share price tsx
- 6.37
- Former ceo retirement payment
- 765000
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