Algoma Steel Group Says Total Steel Shipments For The Quarter Are Expected To Be ~145,000 Tons And Adjusted EBITDA Is Expected To Be In The Range Of Negative CAD$10M To Negative CAD$20M

Algoma Steel Group Inc. (NASDAQ:ASTL, TSX:ASTL) (“Algoma” or “the Company”), a leading Canadian producer of steel plate and hot rolled sheet products, today provided guidance for its quarter ended September 30, 2026. Unless otherwise specified, all amounts are in Canadian dollars.

Total steel shipments for the quarter are expected to be approximately 145,000 tons and Adjusted EBITDA is expected to be in the range of negative $10 million to negative $20 million. Note that the guidance for Adjusted EBITDA includes the benefit of an expected capacity utilization adjustment of approximately $50 million to $55 million.