ALGOMA

Algoma Steel to Announce Fiscal 2023 Third Quarter Results February 13, 2023

Retrieved on: 
Wednesday, February 1, 2023
SEDAR, Security (finance), Legislation, TSX, Webcast, STE, ASTL, Conference, OSC, Ontario Securities Commission, News, Risk management

MARIE, Ontario, Feb. 01, 2023 (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 2023 third quarter financial results after the market closes on Monday, February 13, 2023.

Key Points: 
  • MARIE, Ontario, Feb. 01, 2023 (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 2023 third quarter financial results after the market closes on Monday, February 13, 2023.
  • A webcast and conference call will be held on Tuesday, February 14, 2023, at 11:00 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 .
  • Upon dialing in, please request to join the Algoma Steel Fiscal Third Quarter Conference Call.

Algoma Steel Provides Fiscal Third Quarter 2023 Guidance

Retrieved on: 
Monday, January 9, 2023
News, International Accounting Standards Board, EBITDA, Earnout, Ontario Securities Commission, COVID-19, Electric arc furnace, TSX, International, Adjustment, STE, Calendar, OSC, Legislation, Steel, Absenteeism, ASTL, Bookkeeping

MARIE, Ontario, Jan. 09, 2023 (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 third quarter 2023.

Key Points: 
  • MARIE, Ontario, Jan. 09, 2023 (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 third quarter 2023.
  • Fiscal third quarter 2023 total steel shipments are expected to be approximately 455,000 tons and Adjusted EBITDA is expected to be in a range of $(35) million to $(45) million.
  • Michael Garcia, the Company’s Chief Executive Officer, commented, “The sequential decrease in steel shipments and Adjusted EBITDA as compared to the fiscal second quarter 2023 is largely due to lower than expected plate shipments, continued softening in steel pricing, and normal seasonal maintenance activities ahead of winter, which we discussed on our most recent earnings call on November 8, 2022.
  • These impacts to Adjusted EBITDA adversely offset the expected benefit of higher sequential production volumes from the Direct Strip Production Complex operations as compared to the fiscal second quarter 2023.”
    Mr. Garcia continued, “We expect to produce Adjusted EBITDA of $395 million to $405 million for the first nine months of our fiscal 2023.

Algoma Central Corporation and Furetank Double Investment in Product Tankers

Retrieved on: 
Thursday, November 10, 2022
Maritime, Transport, Logistics, Supply Chain Management, Other Transport, International Maritime Organization, Carbon, Fuel, Shipyard, DWT, CO2, ALC, Environment, IMO, Multimedia, Lake, Giant, News, Company, Climate, Algoma Central, Great Lakes, CEO, TSX, Revolution, Vinga, Fuel oil

Algoma Central Corporation (TSX: ALC) today announced that it has doubled its investment in the FureBear joint venture, and will construct four additional dual-fuel ice class 1A 17,999 DWT climate-friendly product tankers with their partner Furetank AB (Furetank) of Sweden, bringing the total investment to eight vessels.

Key Points: 
  • Algoma Central Corporation (TSX: ALC) today announced that it has doubled its investment in the FureBear joint venture, and will construct four additional dual-fuel ice class 1A 17,999 DWT climate-friendly product tankers with their partner Furetank AB (Furetank) of Sweden, bringing the total investment to eight vessels.
  • View the full release here: https://www.businesswire.com/news/home/20221109006066/en/
    Algoma Central Corporation and Furetank double investment in climate-friendly dual-fuel product tankers.
  • The expansion of our FureBear investment with Algoma is exciting news, said Lars Hglund, CEO of Furetank.
  • Furetank operates nine owned vessels and is a founding member of the Gothia Tanker Alliance; a market platform for small and intermediate product tankers, operating 40 vessels in European waters.

Government of Canada makes significant investment in Alberta's clean hydrogen sector and outlines next steps to help Canadian industry sectors cut pollution

Retrieved on: 
Tuesday, November 8, 2022
Hydrogen, Zero, Municipal government in Canada, Alberta's Industrial Heartland, GHG, Engineering, Government, City, Dofasco, Air Products & Chemicals, CO2, Partnership, Investment, Carbon, Natural gas, Carbon dioxide, Government House (Alberta), Renewable energy, Oil, Western Canada

Hydrogen is one of the key elements for our path to net zero, and that's why we're making these important investments in Canada's energy sector.

Key Points: 
  • Hydrogen is one of the key elements for our path to net zero, and that's why we're making these important investments in Canada's energy sector.
  • "Today's announcement is an historic investment in the net-zero economy of the future and in the Edmonton region.
  • "Alberta is Canada's hydrogen powerhouse, and projects like this will create jobs, diversify the economy and build additional clean energy capacity for use across Western Canada.
  • Investing in an Edmonton-based clean hydrogen facility will help with our city's post-pandemic economic recovery efforts and will allow Canada to advance clean energy in the global hydrogen market.

Algoma Steel to Announce Fiscal 2023 Second Quarter Results November 7, 2022

Retrieved on: 
Wednesday, October 26, 2022
Security (finance), Ontario Securities Commission, DSPC, U.S. Securities and Exchange Commission, NASDAQ, Investor, Forward-looking statement, Conference, SEDAR, Webcast, Courage, TSX, Private Securities Litigation Reform Act, News, Legislation, STE, GLOBE, Head, Review, OSC, HRC, ASTL, Steel, BOF, Oil

MARIE, Ontario, Oct. 26, 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 Algoma will release its fiscal 2023 second quarter financial results after the market closes on Monday, November 7, 2022.

Key Points: 
  • MARIE, Ontario, Oct. 26, 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 Algoma will release its fiscal 2023 second quarter financial results after the market closes on Monday, November 7, 2022.
  • Upon dialing in, please request to join the Algoma Steel Fiscal Second Quarter Conference Call.
  • 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.

Ontario Health Coalition releases new report on the spread of COVID, LTC outbreaks, hospitalizations & deaths that raises red flags despite the Ford government’s suppression of COVID Data

Retrieved on: 
Friday, October 21, 2022
Sarnia—Lambton, Long-term care, Hospital, Chatham-Kent, Farm, COVID, Patient, Brant, Year, Simcoe Muskoka Catholic District School Board, COVID-19 deaths, University, Eastern Ontario, LTC, Administration, London—Middlesex, Haldimand—Norfolk, Death, COVID-19, Retirement, Health insurance, Pharmaceutical industry, Animal, Residential care, Nightclub, ICU, Porcupine

There were 9 active outbreaks in LTC homes, retirement homes and congregate living settings.

Key Points: 
  • There were 9 active outbreaks in LTC homes, retirement homes and congregate living settings.
  • Chatham-Kent: From October 9- October 15 there were 76 new active confirmed cases and 3 active outbreaks in group homes and retirement homes.
  • Halton: As of October 12, there were 12 active outbreaks in Haltons hospitals, LTC homes and retirement homes.
  • There are 2 active outbreaks in long-term care, 2 in congregate care settings and 5 active outbreaks in retirement homes in Huron Perth.

Algoma Steel Partners with Sault College on Site-Greening Initiative

Retrieved on: 
Wednesday, October 12, 2022
Head, ASTL, TSX, HRC, ST, Soil, NASDAQ, Courage, BOF, Biosolids, Program, STE, Plant, Sault College, Student, Company, Learning, Natural environment, Seedling, Industry, Buffer, Wind, Ontario Colleges Athletic Association, Overalls, Steel, GLOBE, Environment, Anishinaabe, DSPC, Medicine, Silviculture, College

MARIE, Ontario, Oct. 12, 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, and Sault College (the College) announced today that their collaboration on Algomas site-greening initiative has taken root with a team of Sault College Forest Technician Conservation Program students attending on site to plant upwards of 2,000 seedlings that they grew this year in the Sault College greenhouse.

Key Points: 
  • MARIE, Ontario, Oct. 12, 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, and Sault College (the College) announced today that their collaboration on Algomas site-greening initiative has taken root with a team of Sault College Forest Technician Conservation Program students attending on site to plant upwards of 2,000 seedlings that they grew this year in the Sault College greenhouse.
  • Through collaboration with experts and community partners like Sault College, Algoma has developed a comprehensive site-greening plan for the 120-year-old steelworks.
  • Through close collaboration with our outstanding partners at Sault College, Algomas planned site-greening is moving quickly from concept to reality.
  • Sault College grants Ontario College certificates, diplomas, advanced diplomas, graduate certificates, and degrees to its graduates.

Algoma Steel Provides Fiscal Second Quarter 2023 Guidance

Retrieved on: 
Tuesday, September 27, 2022
Income, Courage, OSC, Workforce, IFRS, Time, HRC, TSX, COVID-19, Head, Legislation, EBITDA, Company, News, Forward-looking statement, Electric arc furnace, Steel, International Accounting Standards Board, Ontario Securities Commission, DSPC, Technology, Adjustment, Private Securities Litigation Reform Act, BOF, NASDAQ, Â, STE, GLOBE, Earnout, Overalls, SEC, Absenteeism, International, Coal, ASTL, Mission statement, Risk management

MARIE, Ontario, Sept. 27, 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 second quarter 2023.

Key Points: 
  • MARIE, Ontario, Sept. 27, 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 second quarter 2023.
  • Fiscal second quarter 2023 Adjusted EBITDA is expected to be in a range of $75 million to $80 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.

Algoma Steel Announces Results of Voting at Annual Meeting of Shareholders

Retrieved on: 
Tuesday, September 20, 2022
Courage, HRC, Company, Steel, DSPC, BOF, Security (finance), SEDAR, Deloitte

About Algoma Steel Group Inc.

Key Points: 
  • 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.
  • Our customer focus, growing capability and courage to meet the industrys challenges head-on position us firmly as your partner in steel.

Algoma Steel Confirms USW Local 2251 Agreement Ratified

Retrieved on: 
Tuesday, August 30, 2022
Head, Security (finance), Legislation, NASDAQ, HRC, Courage, Steel, TSX, STE, Ontario Securities Commission, U.S. Securities and Exchange Commission, United Steelworkers, GLOBE, BOF, Company, OSC, News, ASTL, SEDAR, Private Securities Litigation Reform Act, Forward-looking statement, DSPC, Risk management

MARIE, Ontario, Aug. 30, 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 2251, the union representing Algomas hourly employees, that their members have successfully ratified the terms of the new 5-year collective agreement.

Key Points: 
  • MARIE, Ontario, Aug. 30, 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 2251, the union representing Algomas hourly employees, that their members have successfully ratified the terms of the new 5-year collective agreement.
  • This agreement follows the agreement with the United Steelworkers Local 2724, the union representing its technical, professional, and front-line supervisory employees ratified on July 26, 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.