---
title: "ASTL: Record plate sales and insurance proceeds drove positive Adjusted EBITDA despite lower revenue"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/294267297.md"
description: "Revenue fell sharply year-over-year due to the EAF transition and U.S. tariffs, but net loss improved on insurance proceeds and foreign exchange gains. Record plate sales and higher average prices supported positive Adjusted EBITDA, while liquidity remains strong.Original document: Algoma Steel Group Inc. [ASTL] Earnings Release — Jul. 30 2026DisclaimerThis is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source."
datetime: "2026-07-29T21:50:03.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/294267297.md)
  - [en](https://longbridge.com/en/news/294267297.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/294267297.md)
generator: "portal-rs"
---

# ASTL: Record plate sales and insurance proceeds drove positive Adjusted EBITDA despite lower revenue

Revenue fell sharply year-over-year due to the EAF transition and U.S. tariffs, but net loss improved on insurance proceeds and foreign exchange gains. Record plate sales and higher average prices supported positive Adjusted EBITDA, while liquidity remains strong.

Original document: Algoma Steel Group Inc. \[ASTL\] Earnings Release — Jul. 30 2026

**Disclaimer**

This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**