Algoma Steel Group Inc., a prominent Canadian steel producer, has announced its financial guidance for the second quarter of 2025. The company expects total steel shipments for the quarter to reach approximately 472,000 tons. However, the forecasted Adjusted EBITDA is anticipated to fall between negative $30 million and negative $35 million. Despite facing challenges from macroeconomic uncertainties and tariff policies, Algoma Steel's CEO, Michael Garcia, noted the company's strong performance in its plate business. The firm is also making strides in its transformation with the recent progress on its electric arc furnace project, positioning itself as a future leader in environmentally friendly steel production in North America. The detailed financial results will be released after market close on July 29, 2025, with a subsequent conference call scheduled for July 30, 2025.
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