Algoma Steel to Announce Fiscal 2025 Second Quarter Results November 6, 2024

Core Viewpoint - Algoma Steel Group Inc. is set to release its fiscal 2025 second quarter financial results on November 6, 2024, followed by a conference call on November 7, 2024, to discuss the results and recent events [1]. Company Overview - Algoma Steel, based in Sault Ste. Marie, Ontario, is a leading Canadian producer of hot and cold rolled steel products, including sheet and plate [3]. - The company aims to provide customer-driven product solutions across various sectors such as automotive, construction, energy, defense, and manufacturing [3]. - Algoma is the only producer of discrete plate products in Canada and operates one of the lowest-cost producers of hot rolled sheet steel in North America through its Direct Strip Production Complex [3]. Transformation and Sustainability - Algoma is undergoing a transformation by modernizing its plate mill and adopting electric arc technology, which focuses on recycling and environmental stewardship to reduce carbon emissions [4]. - The company is committed to investing in its workforce and processes to become a leading producer of green steel in North America [4]. Community and Industry Position - As a foundational industry in its community, Algoma leverages its steelmaking tradition to provide a secure steel supply and promote a sustainable future [5].