Algoma Steel Awards Building Contract to Walters Group

SAULT STE. MARIE, ONTARIO, April 25, 2022-- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, today announced that it has awarded the structural building contract for its electric arc steelmaking facility (“EAF”) to Hamilton, ON-based Walters Group Inc. (“Walters”).

2022-04-25T07:33:40-04:00April 25th, 2022|Press Release|

Algoma Steel Announces Appointment of New CEO upon Retirement of Michael McQuade

SAULT STE. MARIE, ONTARIO (April 18, 2022) – Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or the “Company”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, today announced the appointment of Michael Garcia as Chief Executive Officer (“CEO”) effective June 1st, 2022 upon the retirement of current CEO Michael McQuade.

2022-04-18T12:26:51-04:00April 18th, 2022|Press Release|

Algoma Steel Comments on Ontario’s Recently Announced Northern Energy Advantage Program

SAULT STE. MARIE, ONTARIO (April 8, 2022) – Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or the “Company”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, today commented on Ontario’s newly announced Northern Ontario Energy Advantage Program (“NEAP”), an important program for Algoma as it pursues its transition to electric arc furnace (“EAF”) steelmaking.

2022-04-08T12:15:12-04:00April 8th, 2022|Press Release|

Algoma Steel Provides Fiscal Fourth Quarter 2022 Guidance

SAULT STE. MARIE, Ontario, Mar. 23, 2022 - Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, today provided guidance for its fiscal fourth quarter 2022. Fiscal fourth quarter 2022 shipments are expected to be in a range of 540,000 to 550,000 tons, and Adjusted EBITDA is expected to be in a range of CAD$310 million to CAD$320 million.

2022-03-23T18:52:31-04:00March 23rd, 2022|Press Release|

Algoma Steel Group Announces Approval of Normal Course Issuer Bid

SAULT STE. MARIE, ONTARIO (March 1, 2022) – Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”) announced today that the Toronto Stock Exchange (the “TSX”) has approved the Company’s intention to make a normal course issuer bid (“NCIB”) for a portion of its common shares (“Shares”) as appropriate opportunities arise from time to time.

2022-03-01T17:31:18-05:00March 1st, 2022|Press Release|

Algoma Steel Group to Present at the BMO 31st Global Metals & Mining Conference

SAULT STE. MARIE, ONTARIO (February 25, 2022) – Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, today announced that the Company will present at the BMO 31st Global Metals & Mining Conference on Tuesday, March 1, 2022 at 9:30 a.m. Eastern Time.

2022-02-25T17:31:35-05:00February 25th, 2022|Press Release|

Algoma Steel to Announce Fiscal 2022 Third Quarter Results February 10, 2022

SAULT STE. MARIE, Ontario, Jan. 31, 2022 - Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, announced today that the Company will release its fiscal 2022 third quarter financial results after the market closes on Thursday, February 10, 2022.

2022-01-31T07:33:34-05:00January 31st, 2022|Press Release|

Algoma Steel Awards Contract to GE to Provide Gas Turbines to Support Power Requirements of Electric Arc Steelmaking Transition

SAULT STE. MARIE, ONTARIO (January 27, 2022) – Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma Steel” or “the Company”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, today announced that it has awarded GE Gas Power (NYSE: GE) a contract for an upgrade to the Company’s natural gas combined cycle power plant, including the installation of two gas turbine packages.

2022-01-27T17:33:19-05:00January 27th, 2022|Press Release|