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Algoma Steel Group Inc. Create: Alert

All | News | Filings
Date FiledTypeDescription
10/02/2023 6-K Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]:
Docs: "6-K",
"Algoma Steel Announces Extension of Iron Ore Contract with U. S. Steel to Support Transition to Electric Arc Steelmaking SAULT STE. MARIE, Ontario, October 2, 2023 — Algoma Steel Group Inc. , a leading Canadian producer of hot and cold rolled steel sheet and plate products, today announced a two-year extension of its existing iron ore purchase contract with United States Steel Corporation , with an option to further extend for a third year solely at Algoma's discretion. The extended purchase contract is anticipated to cover the expected volumes of iron ore required to complete Algoma's transition from blast furnace to electric arc furnace steelmaking. The extension with U. S. Steel represents another strategic milestone for Algoma as it continues on its transformative journey toward sustai..."
09/28/2023 6-K Quarterly results
09/26/2023 6-K Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]:
Docs: "6-K",
"Algoma Steel Announces Results of Voting at Annual Meeting of Shareholders SAULT STE. MARIE, ONTARIO - Algoma Steel Group Inc. , a leading Canadian producer of hot and cold rolled steel sheet and plate products, announced today the results of voting at its virtual annual meeting of shareholders held on September 26, 2023 . All of the nominees listed in the management information circular prepared in connection with the Meeting were elected as directors of the Company. The Company received proxies and virtual votes at the Meeting as set out below: Nominee Votes For Votes Withheld Total Votes Mary Anne Bueschkens 55,557,536 1,702,802 57,260,338 Michael Garcia 55,925,295 1,335,043 57,260,338 James Gouin 54,793,765 2,466,573 57,260,338 Andy Harshaw 55,787,922 1,472,416 57,260,338 Ave G. Lethbr...",
"Voting results of Annual General Meeting"
08/23/2023 6-K Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]:
Docs: "Notice of Annual Meeting of Shareholders and Management Information Circular",
"Notice of Annual Meeting of Shareholders and Management Information Circular",
"Form of Proxy"
08/10/2023 6-K Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]:
Docs: "6-K",
"Algoma Steel Group Reports Fiscal 2024 First Quarter Financial Results",
"Management's discussion and analysis for the three months ended June 30, 2023",
"Condensed interim consolidated financial statements for the three months ended June 30, 2023"
07/31/2023 6-K Quarterly results
07/17/2023 6-K Quarterly results
06/16/2023 6-K Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]:
Docs: "6-K",
"Algoma Steel Reports Fatal Incident"
06/07/2023 6-K Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]:
Docs: "6-K",
"Algoma Steel to Announce Fiscal 2023 Fourth Quarter and Full Year Results June 21, 2023 June 6, 2023 SAULT STE. MARIE, Ontario, June 06, 2023 — Algoma Steel Group Inc. , a leading Canadian producer of hot and cold rolled steel sheet and plate products, announced today that the Company will release its fiscal 2023 fourth quarter and full year financial results after the market closes on Wednesday, June 21, 2023. A webcast and conference call will be held on Thursday, June 22, 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 . For those unable to access the webcast, th..."
05/26/2023 6-K Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]:
Docs: "6-K",
"Algoma Steel Upsizes ABL Credit Facility and Extends Maturity Date to 2028 May 25, 2023 SAULT STE. MARIE, Ontario, May 25, 2023 — Algoma Steel Group Inc. , a leading Canadian producer of hot and cold rolled steel sheet and plate products, today announced that it has successfully upsized its senior secured asset-based revolving credit facility from US$250 million to US$300 million and extended the term of the ABL Credit Facility to May, 2028. The interest rate on the ABL Credit Facility will be based on the Secured Overnight Financing Rate plus a credit spread adjustment of 10 basis points plus an applicable margin, which will vary depending on usage. Rajat Marwah, Algoma's Chief Financial Officer, commented, “With this new ABL Credit Facility, we have strengthened our liquidity, extended t..."
03/30/2023 6-K Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]:
Docs: "6-K",
"Algoma Steel Provides Fiscal 2023 Fourth Quarter Guidance March 30, 2023 SAULT STE. MARIE, Ontario, March 30, 2023 -- Algoma Steel Group Inc. , a leading Canadian producer of hot and cold rolled steel sheet and plate products, today provided guidance for its fiscal fourth quarter ending March 31, 2023. Unless otherwise specified, all amounts are in Canadian dollars. Fiscal 2023 fourth quarter total steel shipments are expected to be in the range of 555,000 to 565,000 tons and Adjusted EBITDA is expected to be in the range of CDN $25 million to $30 million. Michael Garcia, Algoma's Chief Executive Officer commented, “We anticipate that our shipments for the fourth fiscal quarter will align with our earlier projections now that our plate mill has returned to its historical production levels...."
03/29/2023 6-K Quarterly results
09/28/2022 6-K Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]:
Docs: "6-K",
"Algoma Steel Provides Fiscal Second Quarter 2023 Guidance SAULT STE. MARIE, Ontario, Sept. 27, 2022 - Algoma Steel Group Inc. , 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. Michael Garcia, the Company's Chief Executive Officer, commented, “Our projected fiscal second-quarter results largely reflect previously disclosed operational challenges, as well as the continued decline in prices for our finished products, both of which had a negative impact on overall profitability.” Mr. Garcia continued, “In the quarter we experienced a production shortfall due to various operational challenges, result..."
08/30/2022 6-K Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]:
Docs: "6-K",
"Algoma Steel Confirms USW Local 2251 Agreement Ratified August 30, 2022 SAULT STE. MARIE, Ontario, Aug. 30, 2022 -- Algoma Steel Group Inc. reports it has been notified by United Steelworkers Local 2251, the union representing Algoma's 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. Algoma President and Chief Executive Officer, Michael Garcia commented on the outcome, “With agreements in place with both our salaried and hourly employees, we can continue our focus on serving our customers and furthering Algoma's transformation journey..."
08/18/2022 6-K Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]:
Docs: "Notice of Annual Meeting of Shareholders and Management Information Circular",
"Notice of Annual Meeting of Shareholders and Management Information Circular",
"Form of Proxy"
08/15/2022 6-K Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]:
Docs: "6-K",
"Algoma Steel Confirms USW Local 2251 Agree to Take Offer to Employees for a Vote August 12, 2022 Operations Continue in Ordinary Course during Voting Process SAULT STE. MARIE, Ontario, Aug. 12, 2022 — Algoma Steel Group Inc. announced today that United Steelworkers Local 2251 have agreed to take the Company's last offer to a vote by employees in the affected bargaining unit. Operations will continue in the ordinary course during the voting process, and the Union has agreed to provide advance notice to the Company to allow for a safe and orderly shutdown of operations in the event the Union instructs employees to go on strike. Algoma President and Chief Executive Officer Michael Garcia commented. “We respect the collective bargaining process and are pleased that our employees will have the..."
08/10/2022 6-K Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]:
Docs: "6-K",
"Algoma Steel Reports Coke Conveyor Fire"
08/08/2022 6-K Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]:
Docs: "6-K",
"Algoma Steel Tables Revised Best and Final Offer in Collective Agreement Negotiations with USW Local 2251 USW Local 2251 Refuses to Take it to a Vote"
08/02/2022 6-K Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]:
Docs: "6-K",
"Algoma Steel Announces Final Results of Substantial Issuer Bid"
08/01/2022 6-K Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]:
Docs: "6-K",
"Algoma Steel Outlines Best and Final Offer in Collective Agreement Negotiations with USW Local 2251",
"Algoma Steel Announces 15 Day Extension July 31, 2022 USW Local 2251 Has Agreed to Continue Working 15 Days Beyond the July 31, 2022 Contract Deadline SAULT STE. MARIE, Ontario, July 30, 2022 — Algoma Steel Group Inc. announced today that the Company and the Negotiating Committee of United Steelworkers Local Union 2251 , the union representing Algoma's hourly employees, have agreed to a fifteen day extension beyond the July 31, 2022 expiry of the collective agreement for the purpose of continued discussions. Algoma President and Chief Executive Officer Michael Garcia commented. “This extension demonstrates the willingness of the parties to work towards an agreement that provides fair and equitable improvements to wages and benefits and supports our collective future under the electric arc..."
07/28/2022 6-K Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]:
Docs: "6-K",
"Algoma Steel Announces Preliminary Results of Substantial Issuer Bid"
07/26/2022 6-K Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]:
Docs: "6-K",
"Algoma Steel Notified by USW Local 2724 Agreement Ratified July 26, 2022 SAULT STE. MARIE, Ontario, July 26, 2022 — Algoma Steel Group Inc. reports it has been notified by United Steelworkers Local 2724, the union representing its technical, professional and front-line supervisory employees, that their members have successfully ratified their collective agreement, providing an enhanced economic package for their members and importantly setting out the process to transition the workforce to electric arc steelmaking. Discussions are ongoing between the Company and the hourly employees represented by USW Local 2251, and the Company continues to work toward reaching an agreement before the contract expires on July 31, 2022. Algoma President and Chief Executive Officer, Michael Garcia commente..."
07/26/2022 6-K Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]:
Docs: "6-K",
"Algoma Steel to Announce Fiscal 2023 First Quarter Results August 3, 2022 July 26, 2022 SAULT STE. MARIE, Ontario, July 26, 2022 -- Algoma Steel Group Inc. , a leading Canadian producer of hot and cold rolled steel sheet and plate products, announced today that the Company will release its fiscal 2023 first quarter financial results after the market closes on Wednesday, August 3, 2022. A webcast and conference call will be held on Thursday, August 4, 2022 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.co m . For those unable to access the webcast, the conference call will be..."
07/19/2022 6-K Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]:
Docs: "6-K",
"Algoma Steel Donates $1 Million toward Sault Area Hospital Residential Withdrawal Management Facility SAULT STE. MARIE, Ontario, July 19, 2022 — Algoma Steel Group Inc. , a leading Canadian producer of hot and cold rolled steel sheet and plate products, today announced its donation of CDN $1 million to Sault Area Hospital Foundation , in support of Sault Area Hospital's Residential Withdrawal Management Facility. Construction and retrofitting of the property at 145 Old Garden River Road began in May of 2022. The new facility will provide twenty residential withdrawal management beds and safe beds in a completely renovated space. Algoma Steel's gift will help SAH realize the full vision for the space, supplementing the funding provided by the Ministry of Health - announced in April of this ..."
07/18/2022 6-K Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]:
Docs: "6-K",
"Algoma Steel Group Announces OSC Relief in Substantial Issuer Bid SAULT STE. MARIE, ONTARIO - Algoma Steel Group Inc. announced today that the Ontario Securities Commission has granted an exemptive relief order exempting Algoma from complying with the requirement that Algoma first takes up all of its common shares deposited under its currently underway substantial issuer bid before extending the expiration date of the Offer, if Algoma ultimately determines to extend the Offer in the circumstance where the Offer is undersubscribed. The Offer by Algoma is being made by way of a “modified Dutch Auction”, allowing shareholders who choose to participate in the Offer to individually select the price, within a price range of not less than US$8.75 and not more than US$10.25 per Share , at which t..."
06/21/2022 6-K Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]:
Docs: "6-K",
"Material Change Report",
"Algoma Steel Announces Commencement of US$400 Million Substantial Issuer Bid SAULT STE. MARIE, Ontario - Algoma Steel Group Inc. , a leading Canadian producer of hot and cold rolled steel sheet and plate products, today announced it is commencing its previously announced substantial issuer bid to purchase for cancellation up to US$400 million of its common shares . The Offer will expire at 5:00 p.m. on July 27, 2022, unless extended or withdrawn. The Offer by Algoma is being made by way of a “modified Dutch Auction”, allowing shareholders who choose to participate in the Offer to individually select the price, within a price range of not less than US$8.75 and not more than US$10.25 per Share , at which they will tender their Shares to the Offer. Upon expiry of the Offer, Algoma will determ..."
06/17/2022 6-K Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]:
Docs: "6-K",
"Algoma Steel Provides Community Update Regarding Spill SAULT STE. MARIE, ONTARIO - Today Algoma Steel Group Inc. , provided the following update to the community and neighbouring stakeholders regarding the June 9th accidental release of lubricant oil into the St. Mary's River. The Company continues to actively work with authorities to mitigate any possible impact to the environment. We are maintaining an open dialogue with our stakeholders and have extended an offer to the Village of Echo Bay to cover the cost of purchasing and transporting water to their community on an interim basis. While the sheen has dissipated and is no longer visible, we continue to conduct sampling and monitoring on the waterway. Our technical assessment of the incident continues as we work to identify and implemen..."
06/01/2022 6-K Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]:
Docs: "6-K",
"Algoma Steel to Announce Fiscal 2022 Fourth Quarter and Full Year Results June 14, 2022 SAULT STE. MARIE, Ontario, June 1, 2022 - Algoma Steel Group Inc. , a leading Canadian producer of hot and cold rolled steel sheet and plate products, announced today that the Company will release its fiscal 2022 fourth quarter and full year financial results after the market closes on Tuesday, June 14, 2022. A webcast and conference call will be held on Wednesday, June 15, 2022 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 . For those unable to access the webcast, the conference cal..."
04/25/2022 6-K Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]:
Docs: "6-K",
"Algoma Steel Awards Building Contract to Walters Group SAULT STE. MARIE, ONTARIO, April 25, 2022 — Algoma Steel Group Inc. , a leading Canadian producer of hot and cold rolled steel sheet and plate products, today announced that it has awarded the structural building contract for its electric arc steelmaking facility to Hamilton, ON-based Walters Group Inc. . Walters will be responsible for fabricating and erecting the main building structure in addition to the necessary dust collection hoods. Pursuant to the fixed-priced contract, Walters will use Algoma's steel plate products in the fabrication of the heavy structural components, and will work with local industrial contractor, SIS Manufacturing Inc., for the fabrication of these key elements. Onsite assembly of the building structure is ..."
04/18/2022 6-K Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]:
Docs: "6-K",
"Algoma Steel Announces Appointment of New CEO upon Retirement of Michael McQuade"
04/08/2022 6-K Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]:
Docs: "6-K",
"Algoma Steel Comments on Ontario's Recently Announced Northern Energy Advantage Program SAULT STE. MARIE, ONTARIO - Algoma Steel Group Inc. , a leading Canadian producer of hot and cold rolled steel sheet and plate products, today commented on Ontario's newly announced Northern Ontario Energy Advantage Program , an important program for Algoma as it pursues its transition to electric arc furnace steelmaking. “The Province's commitment to supporting industrial electricity customers through the Northern Industrial Electricity Rebate Program was key in our decision to pursue electric arc steelmaking. We believe the ongoing support from the Government of Ontario through the enhanced NEAP program will play an important role in enabling us to modernize steelmaking and create a secure, stable fut..."
03/23/2022 6-K Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]:
Docs: "6-K",
"Algoma Steel Provides Fiscal Fourth Quarter 2022 Guidance SAULT STE. MARIE, Ontario, Mar. 23, 2022 - Algoma Steel Group Inc. , a leading Canadian producer of hot and cold rolled steel sheet and plate products, today provided guidance for its fiscal fourth quarter 2022. Fiscal fourth quarter 2022 shipments are expected to be in a range of 540,000 to 550,000 tons, and Adjusted EBITDA is expected to be in a range of CAD$310 million to CAD$320 million. The slight sequential decrease in expected shipments and, to a lesser extent production levels, as compared to the fiscal third quarter 2022 is largely due to challenges across the logistics supply chain and COVID-related impacts. The fourth quarter outlook includes the impact of the work stoppage at Canadian Pacific Railway that began March 20,..."
03/02/2022 6-K Quarterly results
02/10/2022 6-K Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]:
Docs: "6-K",
"Management's Discussion and Analysis of Financial Condition and Results of Operations for the Three and Nine months Ended December 31, 2021",
"Condensed Interim Consolidated Financial Statements for the Three and Nine months Ended December 31, 2021"
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