DSPC

Algoma Steel Announces Commencement of US$400 Million Substantial Issuer Bid

Retrieved on: 
Tuesday, June 21, 2022

MARIE, Ontario, June 21, 2022 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (Algoma or the Corporation), a leading Canadian producer of hot and cold rolled steel sheet and plate products, today announced it is commencing its previously announced substantial issuer bid (the Offer) to purchase for cancellation up to US$400 million of its common shares (Shares).

Key Points: 
  • MARIE, Ontario, June 21, 2022 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (Algoma or the Corporation), a leading Canadian producer of hot and cold rolled steel sheet and plate products, today announced it is commencing its previously announced substantial issuer bid (the Offer) to purchase for cancellation up to US$400 million of its common shares (Shares).
  • 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.
  • Today Algoma is on a transformation journey, investing in its people and processes, optimizing and modernizing to secure a sustainable future.

Algoma Steel Provides Community Update Regarding Spill

Retrieved on: 
Friday, June 17, 2022

MARIE, Ontario, June 17, 2022 (GLOBE NEWSWIRE) -- Today Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (Algoma or the Company), provided the following update to the community and neighbouring stakeholders regarding the June 9th accidental release of lubricant oil into the St. Marys River.

Key Points: 
  • MARIE, Ontario, June 17, 2022 (GLOBE NEWSWIRE) -- Today Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (Algoma or the Company), provided the following update to the community and neighbouring stakeholders regarding the June 9th accidental release of lubricant oil into the St. Marys River.
  • Algoma Steel Chief Executive Officer Michael Garcia commented, This event certainly did not live up to the high standard we set for ourselves.
  • I assure you the entire Algoma team has felt the weight of this incidents impact on our community.
  • 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 to Announce Fiscal 2022 Fourth Quarter and Full Year Results June 14, 2022

Retrieved on: 
Wednesday, June 1, 2022

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 financial results after the market closes on Tuesday, June 14, 2022.

Key Points: 
  • 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 financial results after the market closes on Tuesday, June 14, 2022.
  • Upon dialing in, please request to join the Algoma Steel Fiscal Fourth Quarter Conference Call.
  • 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 Awards Building Contract to Walters Group

Retrieved on: 
Monday, April 25, 2022

MARIE, Ontario, April 25, 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, 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).

Key Points: 
  • MARIE, Ontario, April 25, 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, 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).
  • Walters will be responsible for fabricating and erecting the main building structure in addition to the necessary dust collection hoods.
  • 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 Announces Appointment of New CEO upon Retirement of Michael McQuade

Retrieved on: 
Monday, April 18, 2022

MARIE, Ontario, April 18, 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 the appointment of Michael Garcia as Chief Executive Officer (CEO) effective June 1st, 2022 upon the retirement of current CEO Michael McQuade.

Key Points: 
  • MARIE, Ontario, April 18, 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 the appointment of Michael Garcia as Chief Executive Officer (CEO) effective June 1st, 2022 upon the retirement of current CEO Michael McQuade.
  • Mr. McQuade will continue to serve on the Companys board of directors (the Board) and Mr. Garcia will also join the Board concurrent with his appointment as CEO.
  • He has set Algoma on secure footing as the company advances its sustainability agenda and embarks on its transformation to electric arc steelmaking.
  • Mr. Harshaw added, I am excited to announce Michael Garcia will be joining Algoma as Chief Executive Officer.

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

Retrieved on: 
Friday, April 8, 2022

MARIE, ONTARIO, April 08, 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 commented on Ontarios newly announced Northern Ontario Energy Advantage Program (NEAP), an important program for Algoma as it pursues its transition to electric arc furnace (EAF) steelmaking.

Key Points: 
  • MARIE, ONTARIO, April 08, 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 commented on Ontarios newly announced Northern Ontario Energy Advantage Program (NEAP), an important program for Algoma as it pursues its transition to electric arc furnace (EAF) steelmaking.
  • Ontarios clean energy grid is known as one of the lowest carbon emitting power supplies across North America.
  • 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 Provides Fiscal Fourth Quarter 2022 Guidance

Retrieved on: 
Wednesday, March 23, 2022

MARIE, Ontario, March 23, 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 provided guidance for its fiscal fourth quarter 2022.

Key Points: 
  • MARIE, Ontario, March 23, 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 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.
  • The fourth quarter outlook includes the impact of the work stoppage at Canadian Pacific Railway that began March 20, 2022.
  • Additionally, Algoma expects to end the quarter with above average work in process and finished goods inventories to fulfill deferred shipments in future periods.

Algoma Steel Group Announces Approval of Normal Course Issuer Bid

Retrieved on: 
Tuesday, March 1, 2022

MARIE, Ontario, March 01, 2022 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (Algoma or the Company) announced today that the Toronto Stock Exchange (the TSX) has approved the Companys 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.

Key Points: 
  • MARIE, Ontario, March 01, 2022 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (Algoma or the Company) announced today that the Toronto Stock Exchange (the TSX) has approved the Companys 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.
  • About Algoma Steel Group Inc.
    Based in Sault Ste.
  • 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 Group to Present at the BMO 31st Global Metals & Mining Conference

Retrieved on: 
Friday, February 25, 2022

MARIE, Ontario, Feb. 25, 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 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.

Key Points: 
  • MARIE, Ontario, Feb. 25, 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 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.
  • 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 to Announce Fiscal 2022 Third Quarter Results February 10, 2022

Retrieved on: 
Monday, January 31, 2022

MARIE, Ontario, Jan. 31, 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 third quarter financial results after the market closes on Thursday, February 10, 2022.

Key Points: 
  • MARIE, Ontario, Jan. 31, 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 third quarter financial results after the market closes on Thursday, February 10, 2022.
  • A webcast and conference call will be held on Friday, February 11, 2022 at 11:00 a.m. Eastern Time to review the Companys fiscal third quarter results, discuss recent events, and conduct a question-and-answer session.
  • Upon dialing in, please request to join the Algoma Steel Fiscal Third Quarter Conference Call.
  • Marie, Ontario, Canada, Algoma is a fully integrated producer of hot and cold rolled steel products including sheet and plate.