Algoma Steel to Report 2026 Third Quarter Results on October 28

Algoma Steel Group Inc. will release its 2026 third quarter financial results after the market closes on October 28, 2026, the company said in a GlobeNewswire announcement. A webcast and conference call will follow on October 29, 2026 at 11:00 a.m. Eastern Time.

Algoma Steel's Results Call and EAF Transition

Algoma Steel is a Canadian producer of steel plate and hot rolled sheet products based in Sault Ste. Marie, Ontario, according to company records. The company said the October 29 call will review its results, discuss recent events, and include a question-and-answer session.

The live webcast and an archived replay will be available on the Investors section of the company's website, www.ir.algoma.com. Participants can join the call by dialing 877-425-9470 domestically or 201-389-0878 internationally and requesting the Algoma Steel Group Inc. Third Quarter 2026 Earnings Call. A replay will be accessible by dialing 844-512-2921 domestically or 412-317-6671 internationally with passcode 13763166.

Algoma Steel said its transition to electric arc furnace steelmaking, paired with a modernized plate mill, is expected to reduce carbon emissions by approximately 70% once fully transitioned. The company said the transformation is powered by Ontario's clean electricity grid and represents one of the largest industrial decarbonization initiatives in North America. Algoma also said the transition introduces Volta, the brand for all steel produced through its EAF technology.

Algoma Steel's Funding and Capacity Records

Algoma Steel's electric arc furnace transition has drawn $500 million in government-backed financing, including $400 million from the Government of Canada and $100 million from the Province of Ontario, completed in November 2025, according to akta.pro company records. The same records put total EAF transition investment at nearly $1 billion.

Algoma Steel's raw steel production capacity is approximately 2.8 million liquid tonnes per year, with the EAF expansion expected to add about 700,000 tonnes of finished steel capacity. Full ramp-up with a second electric arc furnace is projected to yield 3.7 million tons of annual raw steel capacity.

Power Outage and Shipment Outlook

Algoma Steel said its August power outage issues are resolved as it prepares to start a second electric arc furnace in the fourth quarter, Shanghai Metals Market reported on October 6, 2026. Third-quarter shipments are projected at about 131,500 tonnes, down from 164,600 tonnes in the second quarter, with a projected loss of 10-20 million USD.

On August 20, 2026, Recyclingtoday reported that Algoma Steel suspended production at its electric arc furnace in Sault Ste. Marie, Ontario, due to an unplanned turbine outage at the Lake Superior Power facility, with operations expected to resume within 21 days. Mining Weekly reported on September 3, 2026, that electric arc furnace production resumed from August 29 while an affected turbine remained unavailable.

Algoma Steel's October 29 Conference Call

The webcast and conference call on October 29, 2026 at 11:00 a.m. Eastern Time will review the company's results and include a question-and-answer session.