Steel Sheet & Strip was Algoma Steel’s largest revenue line in fiscal 2025, bringing in $1.31B of $2.09B (63%).
| Products and services [axis] | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|
| Steel Sheet & Strip | $3.08B | $2.16B | $2.04B | $1.35B | $1.31B | ||
| Plate | $465.70M | $387.40M | $506.20M | $324.10M | $565.80M | ||
| Freight | $172.90M | $182.40M | $198.30M | $142.70M | $175.30M | ||
| Non-Steel Revenue | $84.30M | $46.00M | $52.20M | $26.30M | $32.00M | ||
| Slab | — | $1.40M | $3.30M | $1.30M | $800.00K | ||
| Total | $3.81B | $2.78B | $2.80B | $1.84B | $2.09B |
Algoma Steel brought in $2.09B from its five revenue lines in fiscal 2025, the year ended December 31, 2025. That was up 13.3% from $1.84B in fiscal 2024. Steel Sheet & Strip was the largest at $1.31B (62.9%), ahead of Plate at $565.80M (27.1%) and Freight at $175.30M (8.4%). The other two revenue lines brought in $32.80M combined.
Compared with fiscal 2024, Plate grew fastest, up 74.6% to $565.80M, while Steel Sheet & Strip fell the most, down 2.6% to $1.31B.
Algoma Steel began breaking out Slab in fiscal 2023, when it brought in $1.40M.
United States was Algoma Steel’s largest region in fiscal 2025, bringing in $1.13B of $2.09B (54%).
| Geography | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|
| United States | $2.40B | $1.71B | $1.70B | $1.15B | $1.13B | ||
| Canada | $1.31B | $1.03B | $1.05B | $672.50M | $930.40M | ||
| Rest Of The World | $94.70M | $39.90M | $39.70M | $19.90M | $23.10M | ||
| Total | $3.81B | $2.78B | $2.80B | $1.84B | $2.09B |
Algoma Steel brought in $2.09B from its three regions in fiscal 2025, the year ended December 31, 2025. That was up 13.3% from $1.84B in fiscal 2024. United States was the largest at $1.13B (54.3%), ahead of Canada at $930.40M (44.6%) and Rest Of The World at $23.10M (1.1%).
Compared with fiscal 2024, Canada grew 38.3% to $930.40M, while United States fell 1.4% to $1.13B. From fiscal 2022 to 2025, combined revenue from these regions fell from $3.81B to $2.09B, a compound annual decline of 18.2%. United States' share of the total fell from 63.0% to 54.3%.
Algoma Steel (ASTL) reports its revenue by products and services [axis] and by geography. In fiscal 2025, Steel Sheet & Strip was its largest revenue line, bringing in $1.31B (62.9% of the total), followed by Plate at $565.80M (27.1%).
Steel Sheet & Strip was Algoma Steel's largest revenue line in fiscal 2025, bringing in $1.31B, or 62.9% of the $2.09B total across its five revenue lines.
United States was Algoma Steel's largest region in fiscal 2025, bringing in $1.13B, or 54.3% of the $2.09B total across its three regions.
Among Algoma Steel's revenue lines that make up at least 2% of revenue, Plate grew fastest in fiscal 2025, up 74.6% from $324.10M to $565.80M.
Every figure comes from Algoma Steel's annual financial filings, as reported. Each line keeps the name Algoma Steel gives it, and years follow its fiscal calendar.
Algoma Steel's revenue by products and services [axis] goes back to fiscal 2020, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.