Algoma Steel posts second-quarter loss Rajat Marwah, Algoma’s CEO, said in the release “the second quarter demonstrated the resilience of our transformed business against a stubbornly challenging industry backdrop." Photo by ELAINE DELLA-MATTIA / The Sault StarArticle content Algoma Steel has posted another quarterly loss. Try refreshing your browser, or Algoma Steel posts second-quarter loss Back to video We apologize, but this video has failed to load. Article content Consolidated loss from operations of $134.2 million compares to a loss from operations of $85.1 million in the prior-year quarter. Algoma Steel says its direct tariff costs of $18.7 million compares with a cost of $64.1 million in the prior-year quarter.