Algoma Steel Provides Fiscal 2022 Third Quarter Update

SAULT STE. MARIE, ONTARIO (January 10, 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 based on the current estimates of Algoma’s Earnout Adjusted EBITDA (as defined in the Merger Agreement with Legato Merger Corporation) for calendar year-end 2021, it is currently expected that all 37.5 million Algoma common shares will be issued pursuant to the Earnout Rights as prescribed in the Merger Agreement.

2022-01-10T07:32:34-05:00January 10th, 2022|Press Release|

Algoma Steel Sponsors Holiday Skates

Algoma Steel is pleased to sponsor 10 holiday skate events this year. Delivered in partnership with the City of Sault Ste. Marie at the John Rhodes and McMeeken arenas, these skates offer a healthy way to get out and enjoy the season, regardless of the weather.

2021-12-07T13:15:08-05:00December 7th, 2021|Press Release|

Algoma Steel Celebrates 41st Year of Employee Participation in the Christmas Cheer Toy Drive

SAULT STE. MARIE, ONTARIO, December 1, 2021 – Algoma Steel Inc. (‘Algoma”) is celebrating its employees and their generous participation in the Christmas Cheer Toy Drive once again this year, with a donation of $3000 to complement their contribution of over 175 gifts for local children. This marks 41 years that Algoma employees have supported this important community giving campaign.

2021-12-03T11:59:06-05:00December 3rd, 2021|Press Release|

Algoma Steel Selects Danieli as Technology Provider for New Electric Arc Steelmaking Facility

SAULT STE. MARIE, ONTARIO (December 2, 2021) – 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 it has selected Danieli & C. Officine Meccaniche S.p.A (“Danieli”) as the sole technology provider for their new electric arc (EAF) steelmaking facility.

2021-12-02T07:36:16-05:00December 2nd, 2021|Press Release|

The Canada Infrastructure Bank and Algoma Steel Finalize Previously Announced Agreement to Finance Green Steel Transformation Plan

The Canada Infrastructure Bank (CIB) and Algoma Steel Inc., a subsidiary of Algoma Steel Group Inc. (Nasdaq: ASTL; TSX: ASTL) (Algoma) have entered into a definitive agreement with respect to the CIB’s previously announced commitment to finance the transformational upgrade of Algoma’s steelmaking processes at its facility in Sault Ste. Marie, Ontario. Under the terms

2021-11-29T10:23:05-05:00November 29th, 2021|Press Release|

Algoma Steel Announces Final Investment Decision for Electric Arc Steelmaking

SAULT STE. MARIE, ONTARIO (November 11, 2021) – 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 its Board of Directors has authorized the Company to construct two new state- of-the-art electric-arc-furnaces (EAF) to replace its existing blast furnace and basic oxygen steelmaking operations.

2021-11-11T18:35:36-05:00November 11th, 2021|Press Release|

Algoma Steel to Announce Fiscal 2022 Second Quarter Results November 11, 2021

SAULT STE. MARIE, Ontario, Nov. 1, 2021 - 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 second quarter financial results after the market closes on Thursday, November 11, 2021.

2021-11-01T14:02:37-04:00November 1st, 2021|Press Release|

Algoma and Triple M Metal Establish Metals Sourcing Joint Venture

SAULT STE. MARIE, CANADA, October 27, 2021 – Algoma Steel Group Inc. (“Algoma”) (NASDAQ: ASTL; TSX: ASTL), a leading Canadian producer of hot and cold rolled steel sheet and plate products, today announced that it has entered into a joint venture with Triple M Metal LP (“Triple M”), one of North America’s largest privately-owned ferrous and non-ferrous metal recycling companies, establishing a jointly owned company known as ATM Metals Inc.

2021-10-27T17:02:13-04:00October 27th, 2021|Press Release|