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Algoma Steel's Fourth Quarter Loss Widens to $364.7M From $66.5M Last Year

Algoma Steel faced $60.6 million in tariff costs and cut 1,005 union jobs while accelerating electric arc furnace use to reduce emissions and costs, officials said.

Summary by castanet.net
Algoma Steel Group Inc. reported a net loss of $364.7 million in the fourth quarter compared with a net loss of $66.5 million during the same period a year earlier. That amounted to a net loss per common share of $3.36 compared with a net loss of 61 cents in the prior year quarter. The Sault Ste. Ma...

9 Articles

The Toronto StarThe Toronto Star
+2 Reposted by 2 other sources
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Algoma Steel’s fourth quarter loss widens to $364.7M from $66.5M last year

SAULT STE. MARIE - Algoma Steel Group Inc. reported a net loss of $364.7 million in the fourth quarter compared with a net loss of $66.5 million during the same

·Toronto, Canada
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The Toronto Star broke the news in Toronto, Canada on Wednesday, March 11, 2026.
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