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Algoma Steel and USW L2251 Reach Tentative Agreement

Retrieved on: 
Tuesday, August 23, 2022
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MARIE, Ontario, Aug. 23, 2022 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (Algoma or the Company) and United Steelworkers Local Union 2251 (2251), the union representing Algomas hourly employees, announced today that the parties have reached a tentative collective agreement.

Key Points: 
  • MARIE, Ontario, Aug. 23, 2022 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (Algoma or the Company) and United Steelworkers Local Union 2251 (2251), the union representing Algomas hourly employees, announced today that the parties have reached a tentative collective agreement.
  • The Company will release details of the tentative agreement after the Union has held its information meetings with its members.
  • USW Local 2251 President Mike DaPrat remarked, We are pleased to inform our membership that we have been able to negotiate a fair agreement with Algoma Steel.
  • Algoma is a key supplier of steel products to customers in Canada and Midwest USA and is the only producer of plate steel products in Canada.

Algoma Steel Confirms USW Local 2251 Agree to Take Offer to Employees for a Vote

Retrieved on: 
Friday, August 12, 2022
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MARIE, Ontario, Aug. 12, 2022 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (Algoma or the Company) announced today that United Steelworkers Local 2251 (2251 or the Union) have agreed to take the Companys last offer to a vote by employees in the affected bargaining unit.

Key Points: 
  • MARIE, Ontario, Aug. 12, 2022 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (Algoma or the Company) announced today that United Steelworkers Local 2251 (2251 or the Union) have agreed to take the Companys last offer to a vote by employees in the affected bargaining unit.
  • Marie, Ontario, Canada, Algoma is a fully integrated producer of hot and cold rolled steel products including sheet and plate.
  • Algoma is a key supplier of steel products to customers in Canada and Midwest USA and is the only producer of plate steel products in Canada.
  • Our customer focus, growing capability and courage to meet the industrys challenges head-on, position us firmly as your partner in steel.

Algoma Steel Reports Coke Conveyor Fire

Retrieved on: 
Tuesday, August 9, 2022
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MARIE, Ontario, Aug. 09, 2022 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (Algoma or the Company) announced today that a fire occurred on August 7, 2022, on one of its coal conveyors that supplies coal to two of its three coke batteries.

Key Points: 
  • MARIE, Ontario, Aug. 09, 2022 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (Algoma or the Company) announced today that a fire occurred on August 7, 2022, on one of its coal conveyors that supplies coal to two of its three coke batteries.
  • Algoma produces its own coke from three production units, and supplements with purchased coke from various suppliers.
  • Marie, Ontario, Canada, Algoma is a fully integrated producer of hot and cold rolled steel products including sheet and plate.
  • Algoma is a key supplier of steel products to customers in Canada and Midwest USA and is the only producer of plate steel products in Canada.

Algoma Steel Tables Revised Best and Final Offer in Collective Agreement Negotiations with USW Local 2251

Retrieved on: 
Saturday, August 6, 2022
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MARIE, Ontario, Aug. 05, 2022 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (Algoma or the Company) announced today that the Company has submitted a revised best and final Collective Bargaining Agreement (CBA) offer to the Negotiating Committee of United Steelworkers Local Union 2251 (2251), the union representing Algomas hourly employees.

Key Points: 
  • MARIE, Ontario, Aug. 05, 2022 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (Algoma or the Company) announced today that the Company has submitted a revised best and final Collective Bargaining Agreement (CBA) offer to the Negotiating Committee of United Steelworkers Local Union 2251 (2251), the union representing Algomas hourly employees.
  • Algoma has again received notice that the 2251 Negotiating Committee has refused the offer and is unwilling to bring the offer to employees for a vote.
  • We accomplished this with USW Local 2724, whose bargaining committee and membership approved largely the same offer we have presented to Local 2251.
  • Our customer focus, growing capability and courage to meet the industrys challenges head-on, position us firmly as your partner in steel.

Algoma Steel Group Reports Fiscal 2023 First Quarter Results

Retrieved on: 
Wednesday, August 3, 2022
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SAULT STE. MARIE, Ontario, Aug. 03, 2022 (GLOBE NEWSWIRE) -- 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 first quarter ended June 30, 2022.

Key Points: 
  • MARIE, Ontario, Aug. 03, 2022 (GLOBE NEWSWIRE) -- 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 first quarter ended June 30, 2022.
  • Michael Garcia, the Companys Chief Executive Officer, commented, The momentum we established in fiscal 2022 continued with another quarter of strong results in what has been a volatile operational environment.
  • Our results continue to reflect our differentiated execution, along with the hard work and dedication of the entire Algoma team.
  • Algoma is a key supplier of steel products to customers in Canada and Midwest USA and is the only producer of plate steel products in Canada.

Algoma Steel Announces Final Results of Substantial Issuer Bid

Retrieved on: 
Tuesday, August 2, 2022
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MARIE, Ontario, Aug. 02, 2022 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ, TSX: ASTL) (Algoma or the Corporation) today announced the final results of its substantial issuer bid (the Offer) under which it has purchased for cancellation 41,025,641 of its common shares (Shares) at a purchase price of US$9.75 per Share, for an aggregate purchase price of approximately US$400 million.

Key Points: 
  • MARIE, Ontario, Aug. 02, 2022 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ, TSX: ASTL) (Algoma or the Corporation) today announced the final results of its substantial issuer bid (the Offer) under which it has purchased for cancellation 41,025,641 of its common shares (Shares) at a purchase price of US$9.75 per Share, for an aggregate purchase price of approximately US$400 million.
  • Marie, Ontario, Canada, Algoma is a fully integrated producer of hot and cold rolled steel products including sheet and plate.
  • Algoma is a key supplier of steel products to customers in Canada and Midwest USA and is the only producer of plate steel products in Canada.
  • Our customer focus, growing capability and courage to meet the industrys challenges head-on position us firmly as your partner in steel.

Algoma Steel Announces 15 Day Extension

Retrieved on: 
Sunday, July 31, 2022
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MARIE, Ontario, July 30, 2022 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (Algoma or the Company) announced today that the Company and the Negotiating Committee of United Steelworkers Local Union 2251 (2251), the union representing Algomas hourly employees, have agreed to a fifteen (15) day extension beyond the July 31, 2022 expiry of the collective agreement for the purpose of continued discussions.

Key Points: 
  • MARIE, Ontario, July 30, 2022 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (Algoma or the Company) announced today that the Company and the Negotiating Committee of United Steelworkers Local Union 2251 (2251), the union representing Algomas hourly employees, have agreed to a fifteen (15) day extension beyond the July 31, 2022 expiry of the collective agreement for the purpose of continued discussions.
  • Marie, Ontario, Canada, Algoma is a fully integrated producer of hot and cold rolled steel products including sheet and plate.
  • Algoma is a key supplier of steel products to customers in Canada and Midwest USA and is the only producer of plate steel products in Canada.
  • Our customer focus, growing capability and courage to meet the industrys challenges head-on, position us firmly as your partner in steel.

Algoma Steel Outlines Best and Final Offer in Collective Agreement Negotiations with USW Local 2251

Retrieved on: 
Saturday, July 30, 2022
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SAULT STE. MARIE, Ontario, July 29, 2022 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or the “Company”) announced today that the Company has submitted its best and final Collective Bargaining Agreement (“CBA”) offer to the Negotiating Committee of United Steelworkers Local Union 2251 (“2251”), the union representing Algoma’s hourly employees.

Key Points: 
  • MARIE, Ontario, July 29, 2022 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (Algoma or the Company) announced today that the Company has submitted its best and final Collective Bargaining Agreement (CBA) offer to the Negotiating Committee of United Steelworkers Local Union 2251 (2251), the union representing Algomas hourly employees.
  • Algoma has also received notice that the 2251 Negotiating Committee has refused the offer and is unwilling to bring the offer to employee members for a vote.
  • Marie, Ontario, Canada, Algoma is a fully integrated producer of hot and cold rolled steel products including sheet and plate.
  • Our customer focus, growing capability and courage to meet the industrys challenges head-on, position us firmly as your partner in steel.

Algoma Steel Announces Preliminary Results of Substantial Issuer Bid

Retrieved on: 
Thursday, July 28, 2022
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MARIE, Ontario, July 28, 2022 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ, TSX: ASTL) (Algoma or the Corporation) today announced the preliminary results of its substantial issuer bid (the Offer), which expired at 5:00 p.m. (Eastern Time) on July 27, 2022.

Key Points: 
  • MARIE, Ontario, July 28, 2022 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ, TSX: ASTL) (Algoma or the Corporation) today announced the preliminary results of its substantial issuer bid (the Offer), which expired at 5:00 p.m. (Eastern Time) on July 27, 2022.
  • Immediately following completion of the Offer, Algoma anticipates that 105,403,930 Shares will be issued and outstanding.
  • Marie, Ontario, Canada, Algoma is a fully integrated producer of hot and cold rolled steel products including sheet and plate.
  • Algoma is a key supplier of steel products to customers in Canada and Midwest USA and is the only producer of plate steel products in Canada.

Algoma Steel Notified by USW Local 2724 Agreement Ratified

Retrieved on: 
Tuesday, July 26, 2022
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MARIE, Ontario, July 26, 2022 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (Algoma or the Company) reports it has been notified by United Steelworkers (USW) Local 2724, the union representing its technical, professional and front-line supervisory employees, that their members have successfully ratified their collective agreement, providing an enhanced economic package for their members and importantly setting out the process to transition the workforce to electric arc steelmaking.

Key Points: 
  • MARIE, Ontario, July 26, 2022 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (Algoma or the Company) reports it has been notified by United Steelworkers (USW) Local 2724, the union representing its technical, professional and front-line supervisory employees, that their members have successfully ratified their collective agreement, providing an enhanced economic package for their members and importantly setting out the process to transition the workforce to electric arc steelmaking.
  • Discussions are ongoing between the Company and the hourly employees represented by USW Local 2251, and the Companycontinues to work toward reaching an agreement before the contract expires on July 31, 2022.
  • Marie, Ontario, Canada, Algoma is a fully integrated producer of hot and cold rolled steel products including sheet and plate.
  • Algoma is a key supplier of steel products to customers in Canada and Midwest USA and is the only producer of plate steel products in Canada.