Algoma Steel reported Q4 revenue of $590.3 million, net loss of $66.5 million.

From GlobeNewswire: 2025-03-12 17:30:00

Algoma Steel Group Inc. reported fourth quarter results in line with expectations, including revenue of $590.3 million and a net loss of $66.5 million. The company reaffirmed its outlook on the transformative Electric Arc Furnace project, with the first arc expected in April. The project aims to reduce carbon emissions by 70% and strengthen the company’s cost structure. The company is also assessing potential impacts of recent tariff actions imposed by the US. Algoma remains focused on becoming one of the greenest steel producers in North America, with a commitment to creating lasting value for stakeholders.



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