Algoma Steel (ASTL) Projects Lower Q2 Shipments and EBITDA

Jul 15, 2025

Algoma Steel Group projects significant steel shipment volumes for Q2.
Expected EBITDA reflects ongoing industry challenges.
Stock sees a slight dip in after-hours trading.

Algoma Steel Group's Q2 Shipping Forecast

Algoma Steel Group (ASTL, Financial) has released its projections for the second quarter, indicating a shipment of approximately 472,000 tons of steel. This forecast highlights the company's production capabilities and strategic positioning in the steel industry, an essential sector for global infrastructure development.

Financial Outlook: Adjusted EBITDA

In terms of financial performance, Algoma Steel anticipates an adjusted EBITDA ranging between negative $30 million and $35 million. This projection suggests the company faces ongoing challenges, possibly due to fluctuating steel prices and increased operational costs, impacting profitability.

Market Reaction: Stock Performance

Following the announcement, shares of Algoma Steel Group experienced a minor decrease, slipping 1.055% in after-hours trading to settle at $6.56. This movement reflects investor sentiment and market reaction to the company's financial outlook and industry conditions.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.

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