News & Insights

Algoma Steel Inc. is recruiting two members from the Algoma region who are interested in serving as a public member on Algoma Steel’s Community Liaison Committee (CLC).

SAULT STE. MARIE, Ontario, June 01, 2022 (GLOBE NEWSWIRE) — 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 fourth quarter and full year

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”).

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.

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.

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.

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.

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.

SAULT STE. MARIE, ONTARIO (February 10, 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 results for its fiscal third quarter ended December 31, 2021.

Algoma Steel invites members of the public to their Environmental Open House on Monday, February 28, 2022 from 4:00 PM – 7:30 PM at the Northern Community Centre 556 Goulais Avenue, Sault Ste. Marie

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.

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.

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.

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.

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.

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.

The Canada Infrastructure Bank (CIB) and Algoma Steel Inc., a subsidiary of Algoma Steel Group…

Algoma Steel invites members of the public to their annual Environmental Open House on Monday, November 29, 2021.