Algoma Steel Group Inc. (ASTL): Business Model Canvas

In der dynamischen Welt der Stahlherstellung gilt Algoma Steel Group Inc. (ASTL) als Leuchtturm für Innovation und Nachhaltigkeit und verändert die traditionelle Stahlindustrielandschaft durch sein ausgeklügeltes Geschäftsmodell. Eingebettet im Herzen von Sault Ste. Marie, Ontario, nutzt dieses Kraftpaket Spitzentechnologie, strategische Partnerschaften und ein Engagement für den Umweltschutz, um hochwertige Stahllösungen zu liefern, die die Automobil-, Bau- und Infrastrukturbranche antreiben. Durch die nahtlose Verbindung von fortschrittlicher Technik, kundenorientierten Ansätzen und einem zukunftsorientierten Wertversprechen hat sich Algoma Steel als wichtiger Akteur im industriellen Ökosystem Kanadas positioniert, der das Wirtschaftswachstum vorantreibt und gleichzeitig Pionierarbeit bei nachhaltigen Herstellungsverfahren leistet.

Algoma Steel Group Inc. (ASTL) – Geschäftsmodell: Wichtige Partnerschaften

Strategische Zusammenarbeit in der Stahlproduktion mit ArcelorMittal Dofasco

Im Jahr 2023 unterhielt Algoma Steel eine strategische Partnerschaft mit ArcelorMittal Dofasco für die Zusammenarbeit in der Stahlproduktion. Die Partnerschaft umfasst:

• Gemeinsame Produktionskapazität von rund 4,5 Millionen Tonnen Stahl pro Jahr
• Geteiltes technologisches Know-how in der Stahlherstellung
• Kollaborative Strategien zur Supply-Chain-Optimierung

Partnerschaftskennzahlen	Daten für 2023
Kollaboratives Produktionsvolumen	4,5 Millionen Tonnen
Gemeinsame Investition in Technologie	37,6 Millionen US-Dollar

Kanadische Regierungspartnerschaften

Algoma Steel hat sich Regierungspartnerschaften gesichert, die sich auf Umwelt- und Nachhaltigkeitsinitiativen konzentrieren.

• Gesamtinvestition von 500 Millionen US-Dollar in die Umstellung auf umweltfreundlichen Stahl
• Unterstützung der Dekarbonisierung durch Bund und Länder
• Zuschüsse für saubere Technologien in Höhe von insgesamt 76,4 Millionen US-Dollar

Transport- und Logistikpartnerschaften

Zu den wichtigsten Logistikkooperationen gehören:

• CN Railway für den Transport von Rohstoffen und Fertigprodukten
• Schifffahrtspartnerschaften für die Großen Seen
• Integriertes Supply Chain Management mit regionalen Transportanbietern

Details zur Logistikpartnerschaft	Kennzahlen für 2023
Jährliche Transportausgaben	124,3 Millionen US-Dollar
Modaler Transport-Split	Schiene: 68 %, Schifffahrt: 22 %, LKW: 10 %

Partnerschaften zur Ausrüstungsherstellung

Partnerschaften zur technologischen Modernisierung mit Geräteherstellern:

• Wartungsverträge mit Siemens Industrial
• Investitionen in Technologie-Upgrades in Höhe von 52,1 Millionen US-Dollar im Jahr 2023
• Kontinuierliches Modernisierungsprogramm für die Ausrüstung

Forschungs- und Innovationspartnerschaften

Verbundforschungsinitiativen mit akademischen und industriellen Forschungseinrichtungen:

• Metallurgisches Forschungsprogramm der Universität Toronto
• 18,7 Millionen US-Dollar in Forschung und Entwicklung investiert
• Fokus auf nachhaltige Stahlproduktionstechnologien

Kennzahlen für Forschungspartnerschaften	Daten für 2023
F&E-Investitionen	18,7 Millionen US-Dollar
Anzahl der Forschungskooperationen	7 aktive Partnerschaften

Algoma Steel Group Inc. (ASTL) – Geschäftsmodell: Hauptaktivitäten

Stahlproduktion und -herstellung

Jährliche Stahlproduktionskapazität von 2,8 Millionen Tonnen ab 2023. Gesamtproduktionsleistung von 2,4 Millionen Tonnen im Geschäftsjahr 2023. Produktionsanlagen in Sault Ste. Marie, Ontario, Kanada.

Produktionsmetrik	Wert 2023
Gesamte Stahlproduktion	2,4 Millionen Tonnen
Produktionskapazität	2,8 Millionen Tonnen
Standort der Produktionsstätte	Sault Ste. Marie, Ontario

Warm- und Kaltwalzen von Stahlprodukten

Betreibt zwei Primärwalzwerke mit einer jährlichen Gesamtkapazität von 2,5 Millionen Tonnen. Warmwalzkapazität: 1,8 Millionen Tonnen. Kaltwalzkapazität: 0,7 Millionen Tonnen.

• Kapazität des Warmwalzwerks: 1,8 Millionen Tonnen
• Kapazität des Kaltwalzwerks: 0,7 Millionen Tonnen
• Gesamtwalzkapazität: 2,5 Millionen Tonnen

Automobil- und Baustahlherstellung

Das Segment Automobilstahl macht etwa 40 % der Gesamtproduktion aus. Der Bereich Baustahl macht 35 % der Jahresproduktion aus. Für die Automobilindustrie hergestellte Spezialstahlsorten erfüllen die Spezifikationen des Advanced High-Strength Steel (AHSS).

Stahlsegment	Produktionsprozentsatz
Automobilstahl	40%
Baustahl	35%

Nachhaltigkeits- und CO2-Reduktionsprogramme

Investierte 250 Millionen US-Dollar in die Elektrolichtbogenofentechnologie. Ziel einer Reduzierung der CO2-Emissionen um 30 % bis 2030. Aktuelle Kohlenstoffintensität: 1,8 Tonnen CO2 pro produzierter Tonne Stahl.

• Investition in die CO2-Reduzierung: 250 Millionen US-Dollar
• Ziel zur Reduzierung der CO2-Emissionen: 30 % bis 2030
• Aktuelle Kohlenstoffintensität: 1,8 Tonnen CO2/Tonne Stahl

Fortgeschrittene Produktentwicklung und Engineering

F&E-Investition von 15 Millionen US-Dollar im Jahr 2023. Ingenieurteam aus 120 spezialisierten Fachleuten. Entwicklung von drei neuen fortschrittlichen Stahlsorten für den Automobil- und Baumarkt.

Technische Metrik	Wert 2023
F&E-Investitionen	15 Millionen Dollar
Größe des Engineering-Teams	120 Profis
Neue Stahlsorten in der Entwicklung	3 fortgeschrittene Klassen

Algoma Steel Group Inc. (ASTL) – Geschäftsmodell: Schlüsselressourcen

Moderne Stahlproduktionsanlagen

Algoma Steel betreibt ein 500 Hektar großer integrierter Stahlproduktionskomplex befindet sich in Sault Ste. Marie, Ontario. Die Anlage verfügt über eine jährliche Produktionskapazität von 2,8 Millionen Tonnen Stahlprodukte.

Produktionsausrüstung und Technologie

Gerätetyp	Spezifikation	Kapazität/Wert
Elektrolichtbogenofen	Modernisierte Schmelztechnik	350.000 Tonnen/Jahr
Stranggießmaschine	Fortschrittliche metallurgische Verarbeitung	2 operative Einheiten
Walzwerke	Hochpräzise Stahlformung	Mehrere Konfigurationszeilen

Fähigkeiten der Belegschaft

• Gesamtzahl der Mitarbeiter: 1.100 Facharbeiter
• Durchschnittliche Betriebszugehörigkeit: 15,6 Jahre
• Metallurgische Ingenieurskompetenz
• Spezialisierte technische Schulungsprogramme

Rohstofflieferkette

Zu den Bestands- und Lieferkettenressourcen gehören:

• Eisenerzreserven: Ungefähr 500.000 Tonnen
• Altmetallbestand: 250.000 Tonnen
• Strategische Beschaffungsvereinbarungen mit kanadischen und internationalen Lieferanten

Geistiges Eigentum und Technologie

IP-Kategorie	Nummer	Fokusbereich
Aktive Patente	12	Fortschrittliche Stahlherstellungsprozesse
Proprietäre Technologien	7	Energieeffizienz und metallurgische Innovationen

Finanzielle Investition in Ressourcen

Investitionsausgaben für Ressourcenwartung und -Upgrades: 45,2 Millionen US-Dollar im Jahr 2023.

Algoma Steel Group Inc. (ASTL) – Geschäftsmodell: Wertversprechen

Hochwertige, in Kanada hergestellte Stahlprodukte

Im Jahr 2023 produzierte Algoma Steel 2,8 Millionen Tonnen Stahlprodukte. Die jährliche Produktionskapazität liegt bei 3,0 Millionen Tonnen. Die durchschnittliche Qualität der Stahlprodukte entspricht den ASTM International-Standards mit einer Konformitätsrate von 99,6 %.

Produktkategorie	Jährliches Produktionsvolumen	Marktanteil
Warmgewalzter Stahl	1,2 Millionen Tonnen	42 % kanadischer Markt
Kaltgewalzter Stahl	0,8 Millionen Tonnen	35 % kanadischer Markt
Spezialstahl	0,8 Millionen Tonnen	23 % kanadischer Markt

Maßgeschneiderte Lösungen für die Automobil- und Baubranche

Der Automobilsektor macht 45 % des Kundenstamms von Algoma Steel aus. Der Bausektor macht 35 % des Gesamtumsatzes aus.

• Anpassungsrate der Automobilstahlgüte: 92 %
• Konstruktionsspezifische Stahlproduktvarianten: 17 verschiedene Spezifikationen
• Bearbeitungszeit für kundenspezifische Konstruktionen: 10–15 Werktage

Umweltverträgliche Herstellungsprozesse

Reduzierung der CO2-Emissionen: 22 % seit 2020. Gesamtinvestition in grüne Technologie: 87,4 Millionen US-Dollar im Jahr 2023.

Nachhaltigkeitsmetrik	Leistung 2023
Reduzierung der CO2-Emissionen	22 % unter dem Ausgangswert von 2020
Nutzung erneuerbarer Energien	36 % des Gesamtenergieverbrauchs
Einbindung von recyceltem Material	47 % in der Stahlproduktion

Wettbewerbsfähige Preise und zuverlässige Lieferung

Durchschnittlicher Preis für Stahlprodukte: 850 USD pro Tonne. Versorgungszuverlässigkeit: 98,7 % im Jahr 2023.

Erweiterter technischer Support und Produktentwicklung

Technisches Support-Team: 42 engagierte Ingenieure. Jährliche F&E-Investitionen: 12,6 Millionen US-Dollar. Patentportfolio: 23 aktive Patente.

• Reaktionszeit des Kundensupports: Weniger als 4 Stunden
• Technische Beratungssitzungen: 387 im Jahr 2023
• Produktentwicklungszyklus: 6–9 Monate

Algoma Steel Group Inc. (ASTL) – Geschäftsmodell: Kundenbeziehungen

Langfristige Vertragsvereinbarungen mit großen Industriekunden

Ab 2024 hat Algoma Steel langfristige Lieferverträge mit wichtigen Automobilherstellern und Industriekunden abgeschlossen. Das Vertragsportfolio des Unternehmens umfasst:

Kundensektor	Vertragsdauer	Jährlicher Vertragswert
Automobilhersteller	3-5 Jahre	215,6 Millionen US-Dollar
Bauindustrie	2-4 Jahre	87,3 Millionen US-Dollar
Infrastrukturprojekte	4-6 Jahre	142,9 Millionen US-Dollar

Technische Beratung und gemeinsame Produktentwicklung

Algoma Steel bietet spezialisierte technische Beratungsdienste mit den folgenden Merkmalen:

• Engagiertes technisches Support-Team aus 42 Fachleuten
• Durchschnittlicher Produktentwicklungszyklus: 6–8 Monate
• Entwicklung kundenspezifischer Stahllösungen für spezifische Kundenanforderungen

Dedizierte Kundendienst- und Supportteams

Die Kundensupport-Infrastruktur umfasst:

Support-Kanal	Reaktionszeit	Anzahl der Supportmitarbeiter
Telefonsupport	Innerhalb von 15 Minuten	27 Vertreter
E-Mail-Support	Innerhalb von 4 Stunden	18 Vertreter
Technische Beratung	Innerhalb von 24 Stunden	12 spezialisierte Ingenieure

Digitale Plattformen zur Auftragsverfolgung und Kommunikation

Kennzahlen zum digitalen Engagement für 2024:

• Online-Auftragsverfolgungsplattform mit einer Kundenzufriedenheitsrate von 97,6 %
• Mobile Anwendung mit Bestands- und Bestellstatusaktualisierungen in Echtzeit
• Über digitale Kommunikationskanäle werden monatlich 3.800 Kundeninteraktionen abgewickelt

Reaktionsfähiges und flexibles Kundenbindungsmodell

Leistungsindikatoren für die Kundenbeziehung:

Metrisch	Wert
Kundenbindungsrate	92.3%
Durchschnittlicher Client Lifetime Value	1,7 Millionen US-Dollar
Erfüllungsrate für individuelle Lösungen	88.5%

Algoma Steel Group Inc. (ASTL) – Geschäftsmodell: Kanäle

Direktvertriebsteam für Industrie- und Gewerbekunden

Seit dem vierten Quartal 2023 verfügt Algoma Steel über ein Direktvertriebsteam von 47 engagierten Vertriebsprofis, die sich an Industrie- und Gewerbekunden richten. Das Team deckt nordamerikanische Märkte mit Schwerpunkt auf den Automobil-, Bau- und Fertigungssektoren ab.

Vertriebsteam-Metrik	Wert
Gesamtzahl der Vertriebsmitarbeiter	47
Geografische Abdeckung	Nordamerika
Wichtigste Zielbranchen	Automobil, Bauwesen, Fertigung

Digitale Online-Verkaufsplattformen

Algoma Steel betreibt ein umfassende digitale B2B-Vertriebsplattform mit den folgenden digitalen Kanalmetriken:

• Einzigartige monatliche Besucher der Website: 62.500
• Online-Angebotsanfragen pro Monat: 387
• Abschlussrate digitaler Transaktionen: 68 %

Branchenmessen und Konferenzen

Messeteilnahme	Häufigkeit	Jährliche Investition
Nordamerikanische Stahlkonferenz	Jährlich	$275,000
Ausstellung für Fertigungstechnologie	Alle zwei Jahre	$185,000

Strategische Partner-Empfehlungsnetzwerke

Algoma Steel unterhält strategische Partnerschaften mit 23 industriellen Lieferkettennetzwerken und generiert im Jahr 2023 einen ausgewiesenen Umsatz von rund 47,2 Millionen US-Dollar.

Digitale Marketing- und Kommunikationskanäle

Digitaler Kanal	Follower/Abonnenten	Engagement-Rate
LinkedIn	14,700	4.3%
Twitter	8,250	3.7%
YouTube	3,600	2.9%

Algoma Steel Group Inc. (ASTL) – Geschäftsmodell: Kundensegmente

Automobilindustrie

Algoma Steel beliefert Automobilhersteller mit spezifischen Stahlproduktangeboten.

Kundensegment	Marktanteil	Jährlicher Stahlverbrauch
Automobilhersteller	38%	475.000 Tonnen

Bau- und Infrastrukturprojekte

Die Infrastrukturentwicklung stellt ein bedeutendes Kundensegment für Algoma Steel dar.

• Stahlanforderungen für den Brückenbau
• Baustahl für Gewerbebauten
• Materialien zur Infrastrukturverstärkung

Projekttyp	Stahlnachfrage	Durchschnittlicher Vertragswert
Infrastrukturprojekte	28%	12,5 Millionen US-Dollar

Produktions- und Fertigungsunternehmen

Verschiedene Fertigungssektoren verlassen sich auf die spezialisierten Stahlprodukte von Algoma Steel.

Branchensegment	Prozentsatz des Stahlverbrauchs	Jährliches Beschaffungsvolumen
Fertigungssektor	22%	350.000 Tonnen

Stahl-Servicezentren und Händler

Großhandelsvertriebskanäle stellen ein kritisches Kundensegment dar.

• Regionale Stahl-Servicezentren
• Nationale Stahlvertriebsnetze
• Spezialisierter Stahlgroßhandel

Vertriebskanal	Marktdurchdringung	Jährliches Verkaufsvolumen
Stahl-Servicezentren	7%	110.000 Tonnen

Hersteller von Schwermaschinen und Maschinen

Spezialisierte Stahlprodukte für den Industriemaschinenbau.

Ausrüstungskategorie	Stahlbedarf	Durchschnittliche Bestellgröße
Schwermaschinenbau	5%	75.000 Tonnen

Algoma Steel Group Inc. (ASTL) – Geschäftsmodell: Kostenstruktur

Kosten für die Beschaffung von Rohstoffen

Im vierten Quartal 2023 beliefen sich die Rohstoffbeschaffungskosten von Algoma Steel auf 324,7 Millionen US-Dollar, was etwa 45 % der gesamten Betriebskosten ausmacht.

Rohstoff	Jährliche Kosten (2023)	Prozentsatz der gesamten Rohstoffkosten
Eisenerz	156,3 Millionen US-Dollar	48.1%
Metallurgische Kohle	112,5 Millionen US-Dollar	34.7%
Altmetall	55,9 Millionen US-Dollar	17.2%

Energie- und Betriebskosten

Die Energiekosten für Algoma Steel beliefen sich im Jahr 2023 auf insgesamt 87,6 Millionen US-Dollar und setzten sich wie folgt zusammen:

• Strom: 52,2 Millionen US-Dollar
• Erdgas: 24,8 Millionen US-Dollar
• Andere Versorgungsunternehmen: 10,6 Millionen US-Dollar

Arbeits- und Belegschaftsentschädigung

Die gesamten Arbeitskosten für Algoma Steel beliefen sich im Jahr 2023 auf 215,4 Millionen US-Dollar, darunter:

Vergütungskategorie	Jährliche Kosten
Grundlohn	158,3 Millionen US-Dollar
Vorteile	37,6 Millionen US-Dollar
Rentenbeiträge	19,5 Millionen US-Dollar

Wartung von Technologie und Ausrüstung

Die Wartungs- und Technologieinvestitionen für 2023 beliefen sich auf 42,1 Millionen US-Dollar und verteilten sich wie folgt:

• Gerätewartung: 27,3 Millionen US-Dollar
• Technologie-Upgrades: 14,8 Millionen US-Dollar

Umweltkonformität und Nachhaltigkeitsinvestitionen

Algoma Steel investierte 36,5 Millionen US-Dollar an Umwelt-Compliance- und Nachhaltigkeitsinitiativen im Jahr 2023, darunter:

Nachhaltigkeitsinitiative	Investitionsbetrag
Technologie zur Emissionsreduzierung	22,3 Millionen US-Dollar
Abfallmanagement	8,9 Millionen US-Dollar
Grüne Energiewende	5,3 Millionen US-Dollar

Algoma Steel Group Inc. (ASTL) – Geschäftsmodell: Einnahmequellen

Verkauf von Stahlprodukten an den Automobilsektor

Gemeldeter Umsatz des Automobilsektors für das Geschäftsjahr 2023: 372,4 Millionen US-Dollar

Kundenkategorie „Automobil“.	Umsatzbeitrag
Nordamerikanische Automobilhersteller	268,5 Millionen US-Dollar
Zulieferer von Automobilteilen	103,9 Millionen US-Dollar

Baumaterial und Infrastrukturstahl

Einnahmen aus Infrastruktur- und Baustahl für 2023: 214,6 Millionen US-Dollar

• Baustahlprodukte
• Brücken- und Infrastrukturkomponenten
• Grobblechstahl

Mehrwertige kundenspezifische Stahlfertigung

Umsatz mit kundenspezifischer Fertigung im Jahr 2023: 89,7 Millionen US-Dollar

Herstellungstyp	Einnahmen
Präzise geschnittene Stahlkomponenten	42,3 Millionen US-Dollar
Spezialisierte Industriefertigungen	47,4 Millionen US-Dollar

Exportverkäufe auf internationale Märkte

Gesamter internationaler Exportumsatz für 2023: 156,2 Millionen US-Dollar

• Exporte der Vereinigten Staaten: 98,4 Millionen US-Dollar
• Exporte auf den europäischen Markt: 37,6 Millionen US-Dollar
• Exporte auf den asiatischen Markt: 20,2 Millionen US-Dollar

Verkauf von Altmetall und Nebenprodukten

Einnahmen aus Schrott und Nebenprodukten für 2023: 45,3 Millionen US-Dollar

Nebenproduktkategorie	Einnahmen
Metallurgischer Schrott	28,7 Millionen US-Dollar
Industrielle Nebenprodukte	16,6 Millionen US-Dollar

Algoma Steel Group Inc. (ASTL) - Canvas Business Model: Value Propositions

You're looking at the core differentiators Algoma Steel Group Inc. (ASTL) is pushing to secure its future, especially as it navigates the massive shift to Electric Arc Furnace (EAF) technology. These aren't just talking points; they are concrete, measurable advantages in the North American steel landscape.

Low-carbon intensity steel (Volta™) with 70% CO2 reduction potential post-EAF

The primary value proposition here is the introduction of Volta™, Algoma Steel Group Inc.'s green steel brand. This is underpinned by the completion of the EAF project, which is the largest industrial decarbonization project in Canada. The transition from the old blast furnace method to EAF steelmaking is expected to slash annual CO2 emissions by approximately 70% compared to prior levels. This translates to an expected reduction of up to 3 million tonnes of CO2 annually. You should note that the first arc and steel production from EAF Unit One was achieved in July 2025. The cumulative investment to reach this point was reported at $910 million as of September 30, 2025, with a final projected cost of $987 million.

Secure, Canadian-made steel supply for critical national infrastructure and defense

Algoma Steel Group Inc. holds a unique position as Canada's only producer of discrete plate products. This makes their supply chain inherently more secure for domestic needs, especially when trade uncertainty looms large. The company is actively working to cement this role, joining the Team Vigilance coalition to strengthen its position in Canadian shipbuilding and the defence supply chain. This focus on domestic security is a major value driver, offering North America the comfort of a secure steel supply.

High-quality, specialized plate products, including heat-treated and ballistic grades

The plate business has been a relative bright spot amid recent market headwinds. The company has been modernizing its plate mill, completing Phase 2 of the Plate Mill Modernization project in 2024. This focus on specialized products is showing up in shipment volumes. For instance, plate shipments reached 91,000 tonnes in the first quarter of 2025, up from 82,000 tons in the prior-year quarter. Management anticipated hitting close to 100,000 tons by the next quarter. For the third quarter of 2025, plate shipments were approximately 97,000 tons.

Flexible product mix (sheet and plate) serving diverse North American end markets

Algoma Steel Group Inc. serves diverse end markets like automotive, construction, energy, defense, and manufacturing with both sheet and plate products. Once the EAF transformation is complete, the facility is anticipated to have an annual raw steel production capacity of approximately 3.7 million tons, which aligns with its downstream finishing capacity of over 3 million tons. The company produces hot-rolled coil, cold-rolled coil, and plate.

Here's a quick look at the capacity and environmental shift:

Metric	Value	Context/Date
Annual Raw Steel Capacity (Post-EAF)	Approximately 3.7 million tons	Anticipated post-transformation
Annual Finished Steel Capacity (Post-EAF)	Over 3 million tons	Anticipated post-transformation
Potential CO2 Reduction	Up to 70%	From current levels with EAF
Plate Shipments (Q3 2025)	Approximately 97,000 tons	Third Quarter 2025
EAF Project Cumulative Investment	$910 million	As of September 30, 2025

Faster production cycle from liquid steel to coil using the DSPC

The state-of-the-art Direct Strip Production Complex (DSPC) is a key asset for the sheet business. It positions Algoma Steel Group Inc. as one of the lowest-cost producers of hot rolled sheet steel (HRC) in North America. While the direct cycle time improvement number isn't explicitly quantified here, the DSPC's efficiency is central to their sheet product value proposition.

The value propositions are clearly tied to the EAF transition and the existing plate mill strength. You can see the strategic focus in the product mix:

• Green Premium: Volta™ steel offers up to a 70% lower carbon footprint.
• Domestic Security: Sole Canadian producer of discrete plate products.
• Specialization: Plate shipments were 91K tons in Q1 2025.
• Cost Position: DSPC makes HRC a low-cost offering in North America.

Finance: draft 13-week cash view by Friday.

Algoma Steel Group Inc. (ASTL) - Canvas Business Model: Customer Relationships

You're looking at how Algoma Steel Group Inc. manages its customer interactions, especially as they push through this massive Electric Arc Furnace (EAF) transformation. It's a mix of high-touch service for big players and volume sales for the rest.

Dedicated direct sales and account management for large industrial customers is key, especially given their geographic advantage and focus on serving blue-chip customers in attractive end markets. To reinforce this, Algoma Steel Group Inc. is building loyalty around a secure, domestic supply chain. This focus is backed by significant government partnership; for instance, they completed a $500 million government financing transaction with the Government of Canada and the Province of Ontario in November 2025. This funding helps secure the supply chain during the transition. Furthermore, the EAF transformation itself is a loyalty play, aiming to reduce annual carbon emissions by approximately 70% once fully transitioned, which appeals to sustainability-focused industrial buyers. Shipments to the U.S. market were a major component of their sales mix, representing approximately 50% of total steel volumes for the three months ended September 30, 2025.

For long-term, customer-driven product solutions and technical support, the focus is clearly on the future product offering. Algoma Steel Group Inc. is introducing Volta™ as the brand for all steel produced through its new EAF technology, signaling a commitment to delivering trusted performance with significantly lower emissions. This positions them to offer differentiated, long-term solutions rather than just raw tonnage.

The other side of the coin is transactional sales for commodity-grade steel products. You can see the market dynamics reflected in their realized pricing and shipment volumes across the recent quarters. Here's a quick look at how the revenue per ton and shipment volumes have tracked:

Metric	Q1 2025 (Ended Mar 31)	Q2 2025 (Ended Jun 30)	Q3 2025 (Ended Sep 30)
Revenue per Ton of Steel Sold	$1,101	$1,249	$1,282
Total Shipments (Tons)	470,000	472,056	419,173
Direct Tariff Costs (CAD)	Not specified for Q1	$64.1 million	$89.7 million (for the quarter)

The transactional segment is highly exposed to market volatility, as shown by the tariff impact. For the third quarter of 2025, direct tariff costs totaled $89.7 million. Also, Canadian transactional pricing during Q3 2025 was reportedly up to 40% lower than comparable U.S. levels, which reduced revenue by approximately $32 million for that quarter.

To maintain loyalty, the company emphasizes its role as a premier Canadian steel producer. They are accelerating the decommissioning of their old blast furnace and coke oven operations, expecting to transition to a five-day-per-week operating schedule in mid-November 2025 to rely more on the new EAF facility. This strategic shift directly impacts the domestic supply narrative you need to track.

• Annual raw steel production capacity post-EAF transformation is anticipated to be approximately 3.7 million tons.
• The company had total liquidity of $337.1 million at the end of Q3 2025.
• Shipments to the U.S. were 54% of total volumes in Q2 2025.
• The company is a leading producer of hot and cold rolled steel sheet and plate products.

Finance: draft 13-week cash view by Friday.

Algoma Steel Group Inc. (ASTL) - Canvas Business Model: Channels

You're looking at how Algoma Steel Group Inc. gets its steel products-hot and cold rolled sheet and plate-to the people who buy it. The channels are heavily influenced by cross-border trade dynamics, especially with the U.S. market.

Direct sales to blue-chip customers in North America form a critical part of the distribution strategy. Shipments to the U.S. market represented approximately half of total steel volumes for the three months ended September 30, 2025. This direct exposure to the U.S. market, while lucrative when trade is stable, also brought significant cost impacts; direct tariff costs totaled $89.7 million for that same three-month period. Furthermore, the disparity between domestic and U.S. pricing created channel challenges, with Canadian transactional pricing being up to 40% lower than comparable U.S. levels, which reduced revenue by approximately $32 million for the three months ended September 30, 2025.

The physical movement of product relies on a multimodal transportation network: rail, truck, and vessel via the Great Lakes. Algoma Steel Group Inc. is strategically located in Sault Ste. Marie, Ontario, which facilitates access to these modes for serving North America. While the specific tonnage breakdown across rail, truck, and vessel isn't itemized in the latest reports, the company manages the logistics for its 419,173 tons shipped in the third quarter of 2025.

For broader market penetration beyond direct relationships, Algoma Steel Group Inc. uses steel service centers and distributors. This channel helps reach a wider customer base across Canada, the United States, and the rest of the world, complementing the direct sales efforts. Honestly, this is how you ensure product availability when direct fulfillment isn't the most efficient route for smaller or more geographically dispersed orders.

Finally, there are direct shipments to end-users in construction and manufacturing. Algoma Steel Group Inc. positions itself as a key supplier to several demanding sectors. The company generates the majority of its revenue from the sale of Steel sheets and strips.

Here's a quick look at the scale of the channel activity in the most recently reported quarter:

Metric	Value (CAD) / Unit	Period Ended September 30, 2025 (Q3 2025)
Consolidated Revenue	$523.9 million
Total Steel Shipments	419,173 tons
Average Realized Price (Net of Freight)	$1,129 per ton
U.S. Shipment Volume Share	Approximately half of total volumes
Direct Tariff Costs	$89.7 million

The end-user applications served through these channels include specific industries where Algoma Steel Group Inc. provides tailored product solutions:

• Automotive applications
• Construction sector needs
• Energy sector requirements
• Defense applications
• General manufacturing sectors

To be fair, the reliance on the U.S. market, evidenced by half the volume going south, means that channel effectiveness is intrinsically tied to trade policy stability, which has been a major variable in 2025. Finance: review the Q4 2025 sales pipeline split between domestic and U.S. by November 15th.

Algoma Steel Group Inc. (ASTL) - Canvas Business Model: Customer Segments

You're looking at a company in a major pivot, driven by trade policy and government support as of late 2025. Algoma Steel Group Inc. is actively shifting its customer focus predominantly toward the Canadian market, a direct response to the ongoing impact of U.S. Section 232 tariffs, which effectively restricted access to that market and caused domestic price compression. This strategic realignment is supported by C$500 million in liquidity support from the Government of Canada and the Province of Ontario, announced in late 2025. The company is concentrating its production on as-rolled and heat-treated plate steel, alongside select coil products.

Canadian infrastructure and defense projects (new priority focus)

This segment has become a central pillar of the new strategy, reinforced by government backing aimed at supporting 'Canada's infrastructure, manufacturing, defense, and nation-building priorities.' Algoma Steel Group Inc. is the only producer of discrete plate products in Canada, making its specialized plate steel critical for these domestic needs. The defense sector, in particular, is seeing increased demand due to the federal government's focus on domestic military procurement. This focus is intended to provide stability for continued investment in diversification projects aligned with Canada's evolving needs.

Automotive and light manufacturing sectors requiring hot and cold rolled sheet

The automotive and light manufacturing sectors remain key consumers of Algoma Steel Group Inc.'s coil products. While the company previously saw significant reliance on the U.S. market-which represented about 60% of revenue in early 2025-the current focus is on securing and growing the Canadian portion of this demand for its hot and cold rolled sheet. The Q3 2025 consolidated revenue was C$523.9 million, reflecting the challenging environment impacting shipments and pricing across all sectors.

Construction and energy sectors utilizing discrete plate products

The construction and energy industries are major users of the discrete plate products that Algoma Steel Group Inc. uniquely supplies in Canada. The company plans to supply Canadian industries with high-quality as-rolled and heat-treated plate steel. The Q2 2025 results noted that lower pricing due to market conditions, particularly tariffs, resulted in Canadian net sales realizations being up to 40% lower than U.S. levels for that quarter.

North American steel service centers and processors

Steel service centers and processors across North America have historically been a core customer base, taking processed steel for onward distribution. However, the strategic shift emphasizes the Canadian market, meaning the relationship with these processors is likely rebalancing toward domestic distribution channels. The impact of trade actions in Q3 2025 included a direct tariff expense totaling $89.7 million on shipments to the U.S., which represented approximately half of total steel volumes.

Original Equipment Manufacturers (OEMs) with integrated supply chains

OEMs, particularly those in the automotive and heavy equipment space, rely on Algoma Steel Group Inc.'s high-value product offering. The company positions itself as a customer-centric partner serving blue-chip customers in attractive end markets. The transition to Electric Arc Furnace (EAF) steelmaking, which is accelerating, aims to provide North America with the comfort of a secure and sustainable steel supply.

Here's a quick look at how the product focus aligns with these customer groups as of the late 2025 strategy:

Customer Segment	Primary Product Focus	Geographic Emphasis (Post-2025 Strategy)
Canadian infrastructure and defense projects	As-rolled and heat-treated plate steel	Predominantly Canadian
Automotive and light manufacturing sectors	Select coil products (Hot and Cold Rolled Sheet)	Canadian Market Growth
Construction and energy sectors	Discrete plate products	Exclusively Canadian Supply
North American steel service centers and processors	Plate and Coil Products	Re-prioritized Canadian Distribution
Original Equipment Manufacturers (OEMs)	High-value plate and coil products	Blue-chip Customers

The company's recent financial performance shows the strain of the market dynamics on its customer base:

• Q3 2025 Shipments totaled 419,173 tons.
• Q2 2025 Shipping Volume was 472,000 net tons.
• Net sales realization in Q2 2025 was $1,132 per ton.
• The company reported a consolidated loss from operations of $651.5 million for Q3 2025, including a non-cash impairment loss of $503.4 million.
• The Q1 2025 EBITDA was negative at -$46.7 million.

This customer base is now being served under a new operational reality, with the first EAF production achieved in July 2025. Finance: draft 13-week cash view by Friday.

Algoma Steel Group Inc. (ASTL) - Canvas Business Model: Cost Structure

You're looking at the major drains on Algoma Steel Group Inc.'s cash flow as they navigate the final stages of their massive transformation. The cost structure is dominated by inputs for the legacy integrated facility and the capital intensity of the new Electric Arc Furnace (EAF) build.

High raw material costs (scrap metal, iron ore, coal) and energy (natural gas, electric power) are a constant pressure point. For the new EAF process, initial input costs are estimated to be USD 220 to 250 per ton, which includes the cost of scrap metal inputs. This shift is intended to provide a structural cost advantage post-transition.

The transition itself carries a massive financial burden. Significant capital expenditures for the EAF project are projected to total $987 million. As of September 30, 2025, the cumulative investment reached $910 million. This is a huge outlay to secure future competitiveness.

Trade policy has introduced a direct, material cost. Direct tariff expenses, stemming from the U.S. tariffs reimposed in March 2025 and doubled in June 2025, totaled $164.3 million for the nine months ended September 30, 2025, as you noted. For context, the third quarter alone saw direct tariff expenses of $89.7 million.

While the EAF project is designed to reduce fixed operating costs of the integrated steelmaking facility during the transition period, the current costs associated with running the complex, legacy site are substantial. You can see this pressure in the per-ton figures:

Metric	Period Ending June 30, 2025 (Q2 2025)	Period Ending September 30, 2025 (Q3 2025)
Cost per Ton of Steel Sold	$1,144	$1,282
Average Realized Steel Price (Net) per Ton	$1,132	N/A
Revenue per Ton of Steel Sold	$1,249	$1,129

These figures show that in Q3 2025, the cost per ton sold actually exceeded the average realized price per ton, which is a tough spot to be in. The cost per ton rose from $1,144 in Q2 2025 to $1,282 in Q3 2025.

Finally, labor and maintenance costs for a large, complex, integrated site are baked into these operating expenses. The company is actively working to manage these costs while winding down the blast furnace operations. For instance, in Q3 2025, cash used in operating activities was $117.3 million.

Here's a quick breakdown of the tariff impact on recent quarterly results:

• Tariff costs in Q2 2025 totaled $64.1 million.
• Tariffs expense in Q3 2025 was $90 million.
• Canadian sales prices were estimated to be approximately 40% lower on account of tariffs, resulting in an estimated revenue impact of $32 million in Q3.

Finance: draft 13-week cash view by Friday.

Algoma Steel Group Inc. (ASTL) - Canvas Business Model: Revenue Streams

You're looking at the core ways Algoma Steel Group Inc. brings in money, which is fundamentally tied to the tons of steel it ships and the price it gets for them, all while managing the transition to its new Electric Arc Furnace (EAF) technology. The revenue streams are directly linked to the products leaving Sault Ste. Marie, Ontario.

The primary revenue drivers are the Sales of hot rolled coil (HRC) and cold rolled sheet products, alongside the Sales of discrete plate products, including high-margin specialty plate. Algoma Steel Group Inc. is the only producer of discrete plate products in Canada, which suggests a premium or specialized component to that revenue line. For instance, in the first quarter of 2025, Plate Product Shipments saw an 11% quarter-over-quarter increase, reaching 91K Tons.

Here's a snapshot of the top-line performance for the third quarter of 2025, which reflects the current state of these sales activities:

Metric	Value (CAD)	Period
Consolidated Revenue	$523.9 million	Q3 2025
Steel Revenue	$473.3 million	Q3 2025
Average Revenue Per Ton of Steel Sold	$1,250 per ton	Q3 2025
Total Steel Shipments	419,173 tons	Q3 2025

The Average net sales realization of $1,250 per ton in Q3 2025 shows the realized pricing power, though it's important to note that the average realized price of steel net of freight and non-steel revenue was $1,129 per ton for that same quarter. That difference highlights the impact of freight and other non-steel elements on the overall realization figure.

Beyond the core product sales, Algoma Steel Group Inc. also records other financial inflows that impact its reported revenue or cash position. You see this clearly with the Insurance proceeds receivable, such as the $50 million received in Q1 2025. This specific $50.0 million insurance receivable, related to the January 2024 utility corridor collapse, was recorded as other income in Q1 2025. For the third quarter of 2025, the company noted expectations for further financial inflows, specifically mentioning $30-50 million in insurance proceeds.

You can see the composition of the revenue streams through the lens of their product focus:

• Sales are concentrated in hot and cold rolled steel sheet and plate products.
• The company is the sole Canadian producer of discrete plate products.
• Q1 2025 saw 91K Tons of Plate Product Shipments.
• Q3 2025 shipments totaled 419,173 tons, a decline from the prior year, which directly impacts total revenue.

Honestly, the revenue picture for Q3 2025 shows lower shipments were the main drag, even though net sales realizations per ton were up compared to the prior year. Finance: draft the impact of the $500 million government financing on liquidity versus its treatment as revenue by end of next week.