Algoma Steel posts second-quarter loss

Algoma Steel has posted another quarterly loss.The three-month period ending June 30 has resulted in a $96 million loss, its report states.That loss is slightly less than the previous year’s quarterly loss during the same period which wash posted at $110.6 million.A company release states that comparisons between Q2 2026 and Q2 2025 were significantly impacted by the transition from blast furnace operations to electric arc furnace steel production.“In the prior-year quarter, the Com