Algoma Steel Resumes EAF Production After Power Plant Outage

08:21 AM EDT, 09/02/2026 (MT Newswires) -- Algoma Steel Group (ASTL) said Wednesday it resumed electric arc furnace production Aug. 29 after reaching interim operating arrangements with Ontario's Independent Electricity System Operator following an unplanned outage at its Lake Superior Power generating facility. The company said it is maintaining production and shipping steel under the temporary arrangements Algoma said it is working with other parties on options to restore full power capacity, including repairing the affected turbine or securing a replacement. The company said it continues to assess potential effects on production and shipments, with the impact depending on how quickly the mitigation measures are implemented. Algoma shares were down 1.9% in premarket trading.