Algoma Steel

ASTL

Market cap $427M

$400 million from the Canada Enterprise Emergency Funding Corporation (CEEFC) and $100 million from the Province of Ontario strengthening Algoma's balance sheet as the Company advances its EAF transition $400 million from the Canada Enterprise Emergency Funding Corporation (CEEFC) and $100 million from the Province of Ontario strengthening Algoma's balance sheet as the Company advances its EAF transition

Algoma Steel Group Inc. ( ASTL ) Q3 2025 Earnings Call October 30, 2025 11:00 AM EDT Company Participants Michael Moraca - Vice President of Corporate Development & Treasurer Michael Garcia - CEO & Director Rajat Marwah - Chief Financial Officer Conference Call Participants Ian Gillies - Stifel Nicolaus Canada Inc., Research Division James McGarragle - RBC Capital Markets, Research Division Presentation Operator Greetings, and welcome to the Algoma Steel Group, Inc. Third Quarter 2025 Earnings Call. [Operator Instructions] [Technical Difficulty] being recorded.

Algoma Steel Group Inc. (ASTL) came out with quarterly earnings of $0.12 per share, beating the Zacks Consensus Estimate of a loss of $0.7 per share. This compares to a loss of $0.72 per share a year ago.

Third Quarter Results In Line with Previously Announced Expectations Advances EAF Ramp-Up and Strengthens Liquidity with $500 Million in Government Support SAULT STE. MARIE, Ontario, Oct. 29, 2025 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, today reported financial results for the three and nine months ended September 30, 2025, reflecting ongoing trade-related headwinds and continued execution of the Company's electric arc furnace (“EAF”) transformation.

CFO Rajat Marwah to Succeed Michael Garcia as CEO Effective January 1, 2026 as Part of Planned Succession and Leadership Transition

Legato Merger (ASTL) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

SAULT STE. MARIE, Ontario, Oct. 20, 2025 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, announced today that the Company will release its 2025 third quarter financial results after the market closes on Wednesday, October 29, 2025. A webcast and conference call will be held on Thursday, October 30, 2025 at 11:00 a.m. Eastern Time to review the Company's results, discuss recent events, and conduct a question-and-answer session.

SAULT STE. MARIE, Ontario, Oct. 01, 2025 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or the “Company”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, today provided guidance for its quarter ended September 30, 2025. Unless otherwise specified, all amounts are in Canadian dollars.

SAULT STE. MARIE, Ontario, Sept. 29, 2025 (GLOBE NEWSWIRE) -- The United Steelworkers union (USW) is responding to today's announcement that the federal government will provide a $400 million loan through the Large Enterprise Tariff Loan facility and the Ontario government's additional $100 million in financial support to Algoma Steel.

SAULT STE. MARIE, Ontario, Sept. 29, 2025 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (“Algoma” or the “Company”) (NASDAQ: ASTL; TSX: ASTL) today announced the execution of binding term sheets to secure C$500 million in liquidity support, comprising C$400 million loan facilities from the Government of Canada under the Large Enterprise Tariff Loan facility and C$100 million loan facilities from the Province of Ontario (collectively, the “Facilities”). The Facilities provide essential financial flexibility amid prolonged trade uncertainty and position Algoma to advance its ongoing business transformation.