Algoma Steel Group to Participate in the Jefferies 2024 Industrials Conference

Rhea-AI Summary

Algoma Steel Group (NASDAQ: ASTL; TSX: ASTL), a leading Canadian producer of hot and cold rolled steel sheet and plate products, has announced its participation in the Jefferies 2024 Industrials Conference. The event is scheduled for September 4-5, 2024.

Ahead of the conference, Algoma will make its presentation materials available to investors on its website at ir.algoma.com. This move demonstrates the company's commitment to transparency and keeping shareholders informed.

The Jefferies conference provides Algoma with an opportunity to showcase its operations and strategy to potential investors and industry analysts, potentially impacting its stock performance on both NASDAQ and TSX exchanges.

SAULT STE. MARIE, Ontario, Sept. 03, 2024 (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 be participating in the Jefferies 2024 Industrials Conference on Wednesday, September 4 and Thursday, September 5, 2024. Prior to Algoma’s attendance at this conference, the Company will post a copy of the presentation it will use in the Investors section of its website on ir.algoma.com.

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 transition to electric arc furnace (EAF) steelmaking, Algoma’s future as a leading producer of green steel, Algoma’s modernization of its plate mill facilities, transformation journey, ability to deliver greater and long-term value, ability to offer North America a secure steel supply and a sustainable future, and investment in its people, and processes. 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.com) and with 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.

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. 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.

For more information, please contact:

Michael Moraca
Vice President – Corporate Development and Treasurer
Algoma Steel Group Inc.
Phone: 705.945-3300
E-mail: IR@algoma.com

FAQ

When is Algoma Steel Group (ASTL) participating in the Jefferies 2024 Industrials Conference?

Algoma Steel Group (ASTL) is participating in the Jefferies 2024 Industrials Conference on Wednesday, September 4 and Thursday, September 5, 2024.

Where can investors find Algoma Steel's (ASTL) presentation for the Jefferies 2024 conference?

Investors can find Algoma Steel's (ASTL) presentation for the Jefferies 2024 conference in the Investors section of the company's website at ir.algoma.com. The presentation will be posted prior to the conference.

What products does Algoma Steel Group (ASTL) produce?

Algoma Steel Group (ASTL) is a leading Canadian producer of hot and cold rolled steel sheet and plate products.

On which stock exchanges is Algoma Steel Group (ASTL) listed?

Algoma Steel Group (ASTL) is listed on both NASDAQ and the Toronto Stock Exchange (TSX).