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Algoma Steel faces ongoing losses due to high costs, weak demand, and competition, seeking government help to survive.
Algoma Steel is struggling to achieve profitability amid ongoing challenges including high operating costs, fluctuating global steel demand, and intense competition.
The company has implemented cost-cutting measures and is seeking government support to stabilize operations.
Despite recent investments in modernization, analysts say sustained profitability remains uncertain without significant market improvements or structural changes.
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Algoma Steel enfrenta pérdidas continuas debido a los altos costos, la débil demanda y la competencia, y busca ayuda del gobierno para sobrevivir.