Algoma Steel plunges after swinging to Q2 loss, suspending dividend

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Plant for the production of steel. An electric melting furnace. Factory worker takes a sample for metal.

Algoma Steel (NASDAQ:ASTL) -10.2% pre-market after reporting a Q2 loss and suspending its quarterly dividend as it suffers from higher costs due to U.S. tariffs.

The Canadian steelmaker said it swung to a net loss of C$110.6M (US$80.3M) in Q2 from net

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