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The company also says it expects its adjusted earnings before deductions to come in between $5 million and $15 million. 

Rajat Marwah, Algoma's CEO, says U.S. tariffs remain a structural headwind, but the company continues to make progress on its pivot to a more Canada-centric strategy. 

He says the recent rise in steel prices is encouraging and the company is well positioned to serve growing infrastructure, construction and defence demand. 

Algoma reported a net loss of $159.4 million during the first quarter, compared with a net loss of $24.5 million during the same period a year earlier.    

This report by ¹ú²úÓÕ»ó¸£Àû was first published June 30, 2026.

Companies in this story: (TSX: ASTL)