Algoma Steel Group Inc. (NASDAQ:ASTL, TSX:ASTL) ("Algoma" or "the Company"), a leading Canadian producer of steel plate and hot rolled sheet products, today provided guidance for its quarter ended June 30, 2026. Unless otherwise specified, all amounts are in Canadian dollars.

Total steel shipments for the quarter are expected to be in the range of 175,000 tons to 180,000 tons and Adjusted EBITDA is expected to be in the range of $5 million to $15 million. Note that the guidance for Adjusted EBITDA includes the benefit of a final insurance settlement amount of $45 million related to the coke-making utility corridor incident in January 2024, as well as an expected capacity utilization adjustment benefit of approximately $50 million to $55 million.

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