according to Algoma. The company’s transition to EAF steelmaking is expected to strengthen its cost structure and improve its ability to navigate market uncertainties over the long term ...

Algoma is on track to significantly reduce annual carbon emissions by approximately 70% following the completion of the EAF project, positioning itself as a greener steel producer in North America.

CEO Michael Garcia commented, “The entire Algoma team executed extremely well ... facilities and progressing our transformative EAF project. After years of planning and construction, I’m ...

EAF Project Investment: Cumulative investment of $740 million as of December 31, 2024. Algoma Steel Group Inc (NASDAQ:ASTL) reported significant improvements in employee safety, particularly in ...

continued our ramp in plate production and achieved the final steps toward the on-time first arc of the EAF project. 2025 represents an exciting time in the story of Algoma as we expect to ...

Despite the turbulence, Algoma is pushing forward with a game-changing move: its shift to electric arc furnace (EAF) steelmaking. Set to kick off next month, this transition slashes emissions ...

The negative outlook mirrors Algoma’s financial underperformance and the anticipation of significant cash burn in 2024. This leaves the company in a weak position to handle uncertainties related to ...

EAF Project Investment: Cumulative investment of $740 million as of December 31, 2024. Algoma Steel Group Inc (NASDAQ:ASTL) reported significant improvements in employee safety, particularly in lost ...

Algoma’s B3 CFR is limited by a challenging operating environment caused by uncertain pricing, potential tariffs, and significant execution risks involved in the completion of the EAF project.