Algoma Steel Group Says Total Steel Shipments For The Quarter Are Expected To Be ~145,000 Tons And Adjusted EBITDA Is Expected To Be In The Range Of Negative CAD$10M To Negative CAD$20M

Algoma Steel Group Inc. (NASDAQ: ASTL, TSX: ASTL) has announced that it expects total steel shipments for the quarter ending September 30, 2026, to be around 145,000 tons. The company anticipates an Adjusted EBITDA in the range of negative CAD$10 million to negative CAD$20 million, which factors in a capacity utilization adjustment of approximately CAD$50 million to CAD$55 million.