Algoma Steel Group Inc. has reported a consolidated revenue of $589.7 million for the second quarter of 2025, a decrease from the $650.5 million recorded in the same period last year. The company experienced a net loss of $110.6 million, a significant downturn compared to the net income of $6.1 million in the prior-year quarter. This decline was largely attributed to reduced steel shipment volumes, lower realized pricing, and tariff-related costs. The company's adjusted EBITDA showed a loss of $32.4 million, contrasting with a positive adjusted EBITDA of $37.7 million in the second quarter of 2024. The average realized price of steel, net of freight and non-steel revenue, dropped to $1,132 per ton from $1,187 per ton in the previous year. Meanwhile, the cost per ton of steel products sold rose to $1,144 from $1,069 year-over-year. Steel shipments were 472,056 tons, down from 503,152 tons in the prior-year quarter. Algoma also highlighted the impact of Section 232 Tariffs, which contributed to an over-supply in the Canadian market and pressured prices downward. Tariff costs for the quarter amounted to $64.1 million. In a significant operational milestone, the company achieved first arc and first steel production from its transformative Electric Arc Furnace $(EAF)$ project.