Algoma Steel Group Third-Quarter Revenue Falls as Shipments Decline
Algoma Steel Group reported lower third-quarter revenue as shipments slid, citing its transition to electric furnace operations, U.S. tariffs and a power plant outage.
By Kelly CloonanAlgoma Steel Group reported lower third-quarter revenue as shipments slid, hurt by a transition to electric furnace operations as well as U.S. tariffs and a power plant outage.The Canadian steel plate and hot-rolled sheet products producer said Wednesday it narrowed its third-quarte…