Algoma Steel Group Inc. provided Q1 2026 guidance of approximately 220,000 tons steel shipments and Adjusted EBITDA of negative $25 million to negative $35 million, reflecting EAF transition costs.
Key takeaways
Total steel shipments expected at approximately 220,000 tons for Q1 2026.
Adjusted EBITDA guidance: negative $25 million to negative $35 million (CAD).
Includes $90 million to $95 million capacity utilization adjustment for excess fixed costs during EAF ramp-up.
Blast furnace and coke oven operations fully wound down, transitioned to EAF steelmaking.
EAF producing Volta sustainable low-carbon steel at scale for Canadian market.
CEO expects sequential Adjusted EBITDA improvement from EAF structural cost benefits.