Algoma Steel to Announce Fiscal 2022 Third Quarter Results February 10, 2022
31 Janvier 2022 - 1:30PM
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 Company’s fiscal third quarter 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 Third Quarter Conference Call. To access the replay of
the call, dial 844-512-2921 (domestic) or 412-317-6671
(international) with passcode 13726743.
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. With a current raw steel
production capacity of an estimated 2.8 million tons per year,
Algoma’s size and diverse capabilities enable it to deliver
responsive, customer-driven product solutions straight from the
ladle to direct applications in the automotive, construction,
energy, defense, and manufacturing sectors. 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’s mill is one of the lowest cost producers of hot rolled
sheet steel (HRC) in North America owing in part to its
state-of-the-art Direct Strip Production Complex (“DSPC”), which is
the newest thin slab caster in North America with direct coupling
to a basic oxygen furnace (BOF) melt shop.
Algoma has achieved several meaningful
improvements over the last several years that are expected to
result in enhanced long-term profitability for the business. Algoma
has upgraded its DSPC facility and recently installed its No. 2
Ladle Metallurgy Furnace. Additionally, Algoma has cost cutting
initiatives underway and is in the process of modernizing its plate
mill facilities.
Today Algoma is on a transformation journey,
investing in its people and processes, optimizing and modernizing
to secure a sustainable future. Our customer focus, growing
capability and courage to meet the industry’s challenges head-on
position us firmly as your partner in steel.
For more information, please contact:
Brenda StentaManager Communications & BrandingAlgoma Steel
Inc.Phone:
+1.705.206.1022E-mail: brenda.stenta@algoma.com
For Investor inquiries, please contact:
Mike MoracaTreasurer and Investor Relations OfficerAlgoma Steel
Inc. Phone: 705.945.3300E-mail: IR@algoma.com
Algoma Steel (TSX:ASTL)
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