Algoma Steel says Lake Superior Power turbine outage constrains EAF output, hits shipments

Bitget2026/10/01 21:30

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Algoma Steel restored full power at Lake Superior Power following a replacement turbine installation, easing a constraint on EAF production.
The turbine outage temporarily reduced EAF output, weighing on expected shipments of about 145,000 tons for the quarter ended Sept. 30, 2026.
Adjusted EBITDA is expected at negative CAD 10 million to negative CAD 20 million, including a CAD 50 million to CAD 55 million capacity-utilization adjustment.
All electrical equipment on EAF Unit Two has been tested, with first heat expected in coming days and shipments targeted for the fourth quarter.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Algoma Steel Group Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202610011730PRIMZONEFULLFEED9838234) on October 01, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Algoma Steel says Lake Superior Power turbine outage constrains EAF output, hits shipments

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