Algoma Steel Group Inc. (ASTL) Form 6-K — Jun 30, 2026
Algoma Steel Group issued guidance for the second quarter of 2026, projecting steel shipments of 175,000 to 180,000 tons and Adjusted EBITDA of $5 million to $15 million CAD. The EBITDA guidance is heavily influenced by non-recurring items, specifically a $45 million insurance settlement and a $50 million to $55 million capacity utilization adjustment benefit. Stripping out these one-time gains implies a significant underlying operational loss for the quarter, contrasting with the CEO's commentary on business resilience. Management highlighted record plate sales and the continued ramp-up of the first electric arc furnace (EAF) unit as positive indicators.
Key figures
- Shipments Range
- 175,000 to 180,000 tons
- Adjusted EBITDA cad
- $5 million to $15 million
- Insurance Settlement cad
- $45 million
- Capacity Utilization Benefit cad
- $50 million to $55 million
AI analysis
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