Algoma Steel Set to Release Financial Results Soon

Algoma Steel Financial Results Announcement

Algoma Steel Group Inc. (NASDAQ: ASTL), a prominent Canadian producer of steel sheet and plate products, is poised to announce its financial results for the three and nine months concluded on December 31, 2024. The much-anticipated announcement will occur after market close on March 12, 2025. This release marks an important milestone for Algoma, as it adjusts its fiscal year-end from March 31 to December 31, thereby creating a nine-month reporting period that ends December 31, 2024.

Details of the Conference Call

The company will hold a conference call and live webcast on March 13, 2025, at 11:00 a.m. Eastern Time. This session will offer stakeholders a chance to review the financial outcomes and recent developments. Additionally, there will be a Q&A segment to address any queries from investors and analysts.

Accessing the Webcast

Investors looking to access the live webcast can visit the Investors section of Algoma’s official website. For those unable to join online, they can participate through a conference call by dialing the appropriate numbers for their region. Domestic participants can reach the call at 877-425-9470, while international participants may dial 201-389-0878. Those wishing to view the call's replay can do so by using the provided access numbers with a passcode.

Overview of Algoma Steel

Headquartered in Sault Ste. Marie, Ontario, Algoma Steel stands out as a fully integrated manufacturer of both hot and cold rolled steel products. The company's offerings include high-quality sheet and plate steel that are essential in various sectors, including automotive, construction, and energy. Algoma prides itself on being a mainstay supplier of steel products within North America and holds the distinction of being the only producer of discrete plate products in the Canadian market.

Commitment to Sustainability

Algoma’s modernization initiative is built on a commitment to environmental sustainability. The company is investing in advanced electric arc furnace technology, reinforcing its commitment to reducing carbon emissions while enhancing steel production efficiencies. This transformation journey not only aims to modernize its plate mill but also to ensure that steel production at Algoma is more environmentally friendly and sustainable.

Investment in Workforce and Processes

At the heart of Algoma's operations is a focus on its workforce and processes. By investing in technological advancements and staff training, the company is fostering a culture of safety and teamwork, crucial in maintaining its competitive edge in producing green steel products. As Algoma Steel continues on its transformative journey, it emphasizes a commitment to creating a sustainable future for its community and customers alike.

Contact Information

For further inquiries about the upcoming financial results or the company in general, Michael Moraca, the Vice President of Corporate Development, is available. Interested parties can reach him at 705.945.3300 or via email.

Frequently Asked Questions

What is the date for Algoma Steel's financial results announcement?

Algoma Steel will announce its financial results on March 12, 2025.

How can investors access the conference call?

Investors can access the call by dialing specific numbers for domestic or international participation.

What is Algoma Steel's primary business focus?

Algoma Steel is focused on producing hot and cold rolled steel products for various sectors.

Is Algoma Steel making any efforts towards sustainability?

Yes, Algoma is investing in electric arc furnace technology to reduce carbon emissions and enhance production.

Who can I contact for more information about Algoma Steel?

Michael Moraca, the Vice President of Corporate Development, is the contact person for inquiries.

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