News & Insights

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.

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 results for its fiscal second quarter ended September 30, 2021.

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.

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.

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.

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 its Chief Commercial Officer Robert Dionisi, has indicated his pending retirement effective May 1st, 2022. The Company has identified Rory Brandow, Algoma’s current Director of Regional Sales to succeed Robert as Vice President of Sales.

SAULT STE. MARIE, CANADA, October 22, 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 S&P Global Ratings (“S&P”) has upgraded Algoma’s issuer credit rating to ‘B-’ from ‘CCC+’, with a stable outlook.

SAULT STE. MARIE, CANADA October 22, 2021 — Algoma Steel Group Inc., with operations based in Sault Ste. Marie, Ontario (“Algoma”) (NASDAQ: ASTL, ASTLW; TSX: ASTL, ASTL.WT), a leading Canadian producer of hot and cold rolled steel sheet and plate products, today announced the addition of six new directors to its Board following the closing of Algoma’s business combination with Legato Merger Corp. (“the Transaction”).

SAULT STE. MARIE, CANADA October 19, 2021 — Today Algoma Steel Group Inc., parent company of Algoma Steel Inc. (“Algoma”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, announced the completion of their merger with Legato Merger Corp. (“Legato”), a publicly-traded special purpose acquisition company, taking public a company that is working to build a new era in steel through its transformational journey.

SAULT STE. MARIE, September 29, 2021 – Algoma Steel Inc. today announced it is contributing $100,000 to Sault College to support the education and development of students pursuing careers in steel and other vital industries through the College’s innovative Bachelor of Engineering – Mechatronics program.