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

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

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The Canadian Press. (2026, October 2). Algoma Steel expects Q3 shipments to come in around 145K after previous power outage. Toronto Star. https://www.thestar.com/business/algoma-steel-expects-q3-shipments-to-come-in-around-145k-after-previous-power-outage/article_1ae549e6-8e24-526b-8371-dc89aeb7f501.html

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Quick Summary

Algoma Steel Group Inc. announced that it expects to ship approximately 145,000 tons of steel in the third quarter of 2026, down from 419,173 tons in the same period last year due to a power outage at its Lake Superior Power facility. The company anticipates an adjusted loss before deductions between $10 million and $20 million for Q3 2026 as a result of this production constraint.

Written by AI on 2026-10-02, from this article's own text only (the story summary below draws on all the coverage).

AI analysis

Story summary

Algoma Steel Group Inc., based in Sault Ste. Marie, Ontario, announced its third-quarter 2026 guidance, expecting to ship approximately 145,000 tons of steel after facing an unplanned outage at its Lake Superior Power generating facility in September. The company reported a previous shipment total of 419,173 tons for the corresponding period in 2025. CFO Michael Moraca stated that the turbine outage temporarily constrained production from the electric arc furnace, affecting shipping volumes. Algoma anticipates an adjusted loss before deductions between $10 million and $20 million for Q3. CEO Rajat Marwah noted successful installation of a replacement turbine at LSP, restoring full power operations and preparing to ramp up production in days.

Written for “Algoma Steel Q3 Guidance” on 2026-11-04, grounded in this article and the 1 other(s) covering the same event.

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Algoma Steel Group Inc. Provides Guidance for the Third Quarter 2026 Same event

Toronto Star

Hedges 4 of 40 claims Outlet record 64/100

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0 of 9 hedged ("reportedly", "may", "according to")

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takes no side on a contested political question

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The Canadian Press

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Wire or desk byline, not an individual reporter.

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Nothing else under this byline is closely related to this article, so these are simply their most recent.

All 520 articles by The Canadian Press →

Narrative

Claims (9 extracted, 0 hedged)

Algoma Steel expects Q3 shipments to come in around 145K after previous power outage SAULT STE. MARIE - Algoma Steel Group Inc. has released guidance for the third quarter, saying it expects total steel shipments to be around 145,000 tons. asserted

shipments → expect → quarter

SAULT STE. MARIE - Algoma Steel Group Inc. has released guidance for the third quarter, saying it expects total steel shipments to be around 145,000 tons. asserted

shipments → release → quarter

In the third quarter of 2025, Algoma reported shipments of 419,173 tons. asserted

Algoma → report → tons

The company also says it expects to report an adjusted loss before deductions of between $10 million and $20 million for the period. asserted

it → say → period

In September, Algoma announced it had resumed electric arc furnace production after an unplanned outage at its Lake Superior Power generating facility that left a turbine unavailable. asserted

that → announce → turbine

ARTICLE CONTINUES BELOW asserted

ARTICLE → continue → ?

Algoma CEO Rajat Marwah says the company has successfully installed a replacement turbine at its Lake Superior Power facility. asserted

company → say → facility

Michael Moraca, the chief financial officer, says the turbine outage temporarily constrained its electric arc furnace production, which was expected to affect shipping volumes in the third quarter. asserted

which → say → quarter

This report by The Canadian Press was first published Oct. 1, 2026. asserted

report → publish → Press

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Articles to 4 Nov 2026

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

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Claims (9 extracted, 0 hedged)