Algoma Steel expects Q3 shipments to come in around 145K after previous power outage

Sault Ste. Marie - Algoma Steel Group Inc. has projected third-quarter steel shipments to reach approximately 145,000 tons. The company had reported shipments of 419,173 tons for the same period in 2025. An unplanned power outage at Algoma's Lake Superior Power generating facility forced the temporary halt of electric arc furnace production, potentially impacting shipping volumes in Q3.

The company's chief financial officer, Michael Moraca, stated that the turbine outage had constrained production, which would affect shipments. Algoma CEO Rajat Marwah has confirmed the successful installation of a replacement turbine at the facility. Algoma currently charges a first annual payment of $205.00 + GST for a one-year subscription, which will automatically renew at $233.00 + GST every 52 weeks.