Algoma Steel Group Inc. will release its financial results for the second quarter of 2026 after the market closes on Wednesday, July 29, 2026. The company, a leading Canadian producer of steel plate and hot rolled sheet products, will host a conference call and webcast on Thursday, July 30, 2026, at 11:00 a.m. Eastern Time to review the results, discuss recent events, and conduct a question-and-answer session.

The live webcast and archived replay will be available on the Investors section of Algoma Steel Group Inc.'s website at www.ir.algoma.com . Participants can join the conference call by dialing 877-425-9470 domestically or 201-389-0878 internationally. The replay will be accessible by dialing 844-512-2921 (domestic) or 412-317-6671 (international) with passcode 13761609.

Conference Call Details

Algoma Steel Group Inc. is transitioning to electric arc furnace (EAF) steelmaking, a move expected to reduce carbon emissions by approximately 70% once fully implemented. The company operates under the Volta brand for steel produced through its EAF technology, supporting sectors such as energy, defence, automotive, shipbuilding, and infrastructure.

Algoma Steel Group Inc. expects Adjusted EBITDA between $5 million and $15 million for the quarter ended June 30, 2026, supported by significant one-time benefits. The company projects total steel shipments to range from 175,000 tons to 180,000 tons for the period. The guidance includes the positive impact of a final insurance settlement of $45 million related to a coke-making utility corridor incident in January 2024, as well as an expected capacity utilization adjustment benefit of approximately $50 million to $55 million.

Rajat Marwah, Chief Executive Officer of Algoma, attributed the performance to the continued resilience of the transformed business, noting record plate sales despite broader market conditions weighing on total shipment volumes. The company’s first electric arc furnace (EAF) unit is ramping up as expected, while the second EAF unit is scheduled to come online in the second half of the year. Marwah highlighted that tariffs remain a structural headwind but emphasized strong progress in pivoting to a more Canada-centric strategy.

Key Guidance Metrics for Q2 2026

Strategic Developments

Algoma is advancing its transition to EAF steelmaking, a move expected to reduce carbon emissions by approximately 70% once fully operational. The company recently introduced Volta, the brand for all steel produced through its EAF technology. Management noted that recent rises in steel prices are encouraging and that Algoma, as Canada’s only producer of discrete plate, is positioned to serve growing demand in infrastructure, construction, and defence sectors.

The financial guidance is expressed in Canadian dollars. Adjusted EBITDA is a non-GAAP measure used by the company to evaluate performance, excluding items such as amortization, finance costs, income taxes, and foreign exchange gains or losses.