Algoma Steel Group Inc（ASTL）資訊與事件ASTLAlgoma Steel Group Inc

Algoma Steel Updates on Lake Superior Power Outage

Algoma Steel provided an update regarding the previously announced unplanned outage at its Lake Superior Power generating facility. The company said, "Since the Company's August 17, 2026 update, Algoma has worked closely with the Independent Electricity System Operator to implement interim operating arrangements that have enabled the Company to resume electric arc furnace production from August 29, 2026 while the affected LSP turbine remains unavailable. The Company is currently maintaining sustained production under these arrangements, including through certain planned work on the provincial electricity system. The Company is currently producing and shipping steel within the parameters of these interim arrangements. The IESO is reviewing upcoming planned power system outages, with the objective of minimizing potential interruptions to the Company's steelmaking operations while maintaining the safety and reliability of the provincial electricity system. Algoma is pursuing multiple alternatives intended to restore full LSP generating capacity as quickly as possible. These include the repair and return to service of the affected turbine and securing a replacement turbine. The Company is working with GE and other parties to advance these alternatives in parallel and determine the most effective and timely path to restore full LSP generating capacity. The Company continues to assess the potential impact on production and shipments while actively advancing several mitigation options. The extent of any impact will depend on the timing and implementation of these measures, which are expected to reduce the potential production impact."

Algoma Reports Q2 Revenue of C$267.5M, Below Consensus

Reports Q2 revenue C$267.5M, consensus C$292M. Rajat Marwah, the company's Chief Executive Officer, commented, "The second quarter demonstrated the resilience of our transformed business against a stubbornly challenging industry backdrop. We delivered a second consecutive quarter of record plate sales, our first EAF unit continued to ramp up as expected, and transition costs declined meaningfully from the first quarter. With commissioning activities commencing at the second EAF unit and first steel expected in the third quarter, we are entering the final phase of the most significant transformation in Algoma's history."

Algoma Steel Group Provides Q2 Guidance

Algoma Steel Group provided guidance for its quarter ended June 30. Total steel shipments for the quarter are expected to be in the range of 175,000 tons to 180,000 tons and Adjusted EBITDA is expected to be in the range of C$5M-C$15M. Note that the guidance for Adjusted EBITDA includes the benefit of a final insurance settlement amount of C$45M related to the coke-making utility corridor incident in January 2024, as well as an expected capacity utilization adjustment benefit of approximately C$50M-C$55M. Rajat Marwah, CEO of Algoma, commented, "The Q2 demonstrated the continued resilience of our transformed business, with record plate sales and our first electric arc furnace, or EAF, unit continuing to ramp up as expected, even as broader market conditions continued to weigh on total shipment volumes. We look forward to bringing our second EAF unit online in the second half of the year and beginning its ramp up to our full expected capacity, completing our transformation. While tariffs remain a structural headwind, we continue to make strong progress on our pivot to a more Canada-centric strategy, and the recent rise in steel prices is encouraging. As Canada's only producer of discrete plate, we remain well-positioned to serve growing infrastructure, construction, and defence demand."