Algoma Steel to Announce Fiscal 2024 Second Quarter Results November 2, 2023
24 October 2023 - 8:30AM
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, announced today that the Company will
release its fiscal 2024 second quarter financial results after the
market closes on Thursday, November 2, 2023. A webcast and
conference call will be held on Friday, November 3, 2023 at 10:00
a.m. Eastern Time to review the Company’s results, discuss recent
events, and conduct a question-and-answer session.
The live webcast and archived replay of the
conference call can be accessed on the Investors section of the
Company’s website at www.algoma.com. For those unable to access the
webcast, the conference call will be accessible domestically or
internationally by dialing 877-425-9470 or 201-389-0878,
respectively. Upon dialing in, please request to join the Algoma
Steel Fiscal Second Quarter Conference Call. To access the replay
of the call, dial 844-512-2921 (domestic) or 412-317-6671
(international) with passcode 13741963.
About Algoma Steel
Based in Sault Ste. Marie, Ontario, Canada, Algoma is a fully
integrated producer of hot and cold rolled steel products including
sheet and plate. Driven by a purpose to build better lives and a
greener future, Algoma is positioned to deliver responsive,
customer-driven product solutions to applications in the
automotive, construction, energy, defense, and manufacturing
sectors. Algoma is a key supplier of steel products to customers in
North America and is the only producer of discrete plate products
in Canada. Its state-of-the-art Direct Strip Production Complex
(“DSPC”) is one of the lowest-cost producers of hot rolled sheet
steel (HRC) in North America.
Algoma is on a transformation journey, modernizing its plate
mill and adopting electric arc technology that builds on the strong
principles of recycling and environmental stewardship to
significantly lower carbon emissions. Today Algoma is investing in
its people and processes, working safely, as a team to become one
of North America’s leading producers of green steel.
As a founding industry in their community, Algoma is drawing on
the best of its rich steelmaking tradition to deliver greater
value, offering North America the comfort of a secure steel supply
and a sustainable future as your partner in steel.
Cautionary Statement Regarding Forward-Looking
Statements
This news release contains “forward-looking information” under
applicable Canadian securities legislation and “forward-looking
statements” within the meaning of the U.S. Private Securities
Litigation Reform Act of 1995 (collectively, “forward-looking
statements”), including statements regarding Algoma’s strategic
objectives, completion of Algoma’s EAF project, and the anticipated
impact of Algoma’s EAF project and its plate mill modernization
project and Algoma’s future financial performance. These
forward-looking statements generally are identified by the words
“believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,”
“strategy,” “future,” “opportunity,” “plan,” “design,” “pipeline,”
“may,” “should,” “will,” “would,” “will be,” “will continue,” “will
likely result,” and similar expressions. Forward-looking statements
are predictions, projections and other statements about future
events that are based on current expectations and assumptions. Many
factors could cause actual future events to differ materially from
the forward-looking statements in this document. Readers should
also consider the other risks and uncertainties set forth in the
section entitled “Risk Factors” and “Cautionary Note Regarding
Forward-Looking Information” in Algoma’s Annual Information Form,
filed by Algoma with applicable Canadian securities regulatory
authorities (available under the Company’s SEDAR+ profile at
www.sedarplus.ca) and with the U.S. Securities and Exchange
Commission (the “SEC”), as part of Algoma’s Annual Report on Form
40-F (available at www.sec.gov), as well as in Algoma’s current
reports with the Canadian securities regulatory authorities and
SEC. Forward-looking statements speak only as of the date they are
made. Readers are cautioned not to put undue reliance on
forward-looking statements, and Algoma assumes no obligation and
does not intend to update or revise these forward-looking
statements, whether as a result of new information, future events,
or otherwise.
For more information, please contact:
Mike MoracaTreasurer and Investor Relations OfficerAlgoma Steel
Inc. Phone: 705.945.3300E-mail: IR@algoma.com
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