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Algoma Steel Group to Present at the BMO 31st Global Metals & Mining Conference

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Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) announced its participation in the BMO 31st Global Metals & Mining Conference on March 1, 2022, at 9:30 a.m. ET. Interested parties can access a live audio webcast of the presentation on Algoma’s website, with a replay available afterward. The company, based in Sault Ste. Marie, Ontario, has a raw steel production capacity of 2.8 million tons per year and is a key supplier in the automotive, construction, and manufacturing sectors. Algoma is focused on transformation, investing in modernization and cost-cutting initiatives to enhance profitability.

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SAULT STE. MARIE, Ontario, Feb. 25, 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 announced that the Company will present at the BMO 31st Global Metals & Mining Conference on Tuesday, March 1, 2022 at 9:30 a.m. Eastern Time. Prior to Algoma’s attendance at this conference, the Company will post a copy of the presentation in the Investors section of its website.

A live audio webcast will be available at the time of the event and may be accessed through the Investors section of the Company’s website at www.algoma.com . A replay of the audio webcast will be available after the event.

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. 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. The Company’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, the Company 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:

Michael Moraca
Treasurer & Investor Relations Officer
Algoma Steel Group Inc.

Phone: 705.945.3300
E-mail: IR@algoma.com


FAQ

What date will Algoma Steel present at the BMO Global Metals & Mining Conference?

Algoma Steel will present at the BMO 31st Global Metals & Mining Conference on March 1, 2022.

What is the ticker symbol for Algoma Steel on NASDAQ?

The ticker symbol for Algoma Steel on NASDAQ is ASTL.

Where can I access the live audio webcast of Algoma's conference presentation?

The live audio webcast of Algoma's conference presentation can be accessed through the Investors section of the company's website.

What production capacity does Algoma Steel have for raw steel?

Algoma Steel has a raw steel production capacity of approximately 2.8 million tons per year.

What initiatives is Algoma Steel implementing to enhance profitability?

Algoma Steel is investing in modernization, upgrading facilities, and implementing cost-cutting initiatives to enhance profitability.

Algoma Steel Group Inc. Common Shares

NASDAQ:ASTL

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United States of America
Sault Ste. Marie