Algoma Steel Q3 2026 net loss narrows 73% year over year to $130 million
Bitget2026/10/28 21:45- Algoma Steel's Q3 2026 net loss narrowed 73% year over year to $130 million.
- Steel revenue fell 54% year over year to $218 million, while shipments dropped 65% to 145,000 net tons.
- Steel production has fully transitioned to electric arc furnaces, with blast furnace and coke-making operations permanently decommissioned.
- Unit Two produced its first steel October 9, 2026, and is expected to contribute to production and shipments in Q4 2026.
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