Tariffs take toll: Algoma says first-quarter results no shock amid ‘ongoing market challenges’

Algoma Steel first-quarter operational results are “in-line” with expectations amid “ongoing market challenges” such as steel tariffs, the Sault Ste. Marie steelmaker says. Algoma reported late Tuesday afternoon consolidated revenue of $517.1 million, compared to $620.6 million in the prior-year quarter, as well as consolidated loss from operations of $139.9 million, compared to income from operations of $3.1 million in the previous-year quarter. A net loss of $24.5 mill