Algoma Steel Group Inc. (ASTL) Form 6-K — Oct 28, 2026
Algoma Steel reported Q3 2026 revenue of C$249.4 million, down 52.4% year over year, with a net loss of C$129.6 million, as the company completed its shift to EAF-only steelmaking, absorbed U.S. Section 232 tariffs, and weathered the Lake Superior Power outage. Operationally, Adjusted EBITDA loss of C$13.9 million came in line with guidance, and average net sales realization per ton rose 33.7% to C$1,510 on higher steel prices and a richer plate mix. Direct tariff costs fell to C$18.1 million from C$89.7 million as U.S.-bound shipments dropped to 24% of total.
Key figures
- Revenue
- 249400000
- Total Debt
- 494800000
- Revenue Yoy
- -52.4%
- Total Assets
- 2000100000
- Cash Position
- 152400000
- Capex cad
- 67700000
- Shipments yoy
- -65.5%
- Shipments tons
- 144527
- Realization yoy
- +33.7%
- Cost per ton cad
- 1492
- Shares outstanding
- 105661468
- Us share of shipments
- 24%
- Adjusted ebitda margin
- -5.6%
- Direct tariff costs cad
- 18100000
- Cash from operations cad
- 78600000
- Total available liquidity cad
- 428000000
- Capacity utilization costs cad
- 53100000
- Avg net sales realization per ton cad
- 1510
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