Algoma Steel Group Provides Guidance For Q1 2026; Says Total Steel Shipments For The Quarter Are Expected To Be ~ 220,000 Tons And Adjusted EBITDA Is Expected To Be In The Range Of Negative $25M To Negative $35M

Algoma Steel Group Inc. has provided guidance for Q1 2026, expecting total steel shipments of approximately 220,000 tons and an Adjusted EBITDA in the range of negative $25 million to negative $35 million. This forecast includes a capacity utilization adjustment of $90 million to $95 million due to fixed costs from lower production volumes as the company transitions to Electric Arc Furnace (EAF) steelmaking. CEO Rajat Marwah highlighted the completion of the transition from blast furnace operations to EAF, which is expected to improve cost efficiencies and position the company to meet growing demand in various sectors.