EconomicCanada·29 Oct 2026
Algoma Steel Reports Q2 2027 Earnings and EAF Unit 2 Progress
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Algoma Steel Group Inc. reported a net loss of $129.6 million for the quarter ending September 30, 2026, as the company underwent a transition to electric arc furnace (EAF) steelmaking. CEO Rajat Marwah and CFO Michael Moraca attributed lower shipment volumes to the operational transition and a power outage at the Lake Superior Power facility, while noting…
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