Canada's Algoma Steel Q4 revenue misses estimates

Algoma Steel

11/03/2026 21:44

Overview

Canada steel plate producer's Q4 revenue fell year-over-year, missing analyst expectations

Q4 adjusted EBITDA loss widened

Outlook

Algoma expects annual raw steel production capacity of about 3.7 mln tons post-EAF transition

Result Drivers

TARIFF IMPACT - Co said 50% U.S. Section 232 tariffs restricted access to U.S. market, reduced shipments, and drove domestic prices lower

EAF TRANSITION COSTS - Accelerated shift to electric arc furnace steelmaking led to higher depreciation, stranded inventory charges, and severance costs

Company press release: ID:nGNXSt629

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Miss
C$455 mln
C$472.97 mln (3 Analysts)
Q4 Net Income
-C$364.7 mln
Q4 Adjusted EBITDA
Beat
-C$95.2 mln
-C$96.38 mln (4 Analysts)
Q4 Operating Income
-C$449.7 mln
Q4 Pretax Profit
-C$471.5 mln


Analyst Coverage

The one available analyst rating on the shares is "hold"

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)