Algoma Steel Group Inc.

Algoma Steel Group Inc. announced the voting results from its Annual Meeting of Shareholders held on June 23, 2026. All director nominees listed in the management information circular were elected with strong shareholder support. Shareholders also approved the appointment of Deloitte LLP as the company's auditors for the 2026 calendar year and passed the non-binding advisory resolution on executive compensation.

Algoma Steel Group Inc. announced the results of its Annual Meeting of Shareholders held on June 23, 2026. All nine nominees listed in the management information circular were elected as directors of the Company. Additionally, Deloitte LLP was appointed as the Company's auditors for the 2026 calendar year, and the non-binding advisory resolution on executive compensation was approved.

Algoma Steel Group Inc. announced the release of its 2025 Sustainability Report, covering the 12 months ended December 31, 2025. The report highlights a pivotal year marked by the successful start-up of its first Electric Arc Furnace (EAF) in July 2025 and the subsequent wind-down of blast furnace and coke oven operations. This transition to EAF steelmaking, Canada's largest industrial decarbonization project, is targeted to reduce the company's carbon emissions intensity by approximately 70% once fully operational, positioning Algoma as a leading producer of lower-carbon steel.

Algoma Steel Group Inc. announced the release of its 2025 Sustainability Report, highlighting a pivotal year marked by the successful transition to Electric Arc Furnace (EAF) steel production. The company commissioned its first EAF unit in July 2025 and ceased blast furnace and cokemaking operations in January 2026, completing Canada's largest industrial decarbonization project. This transition is targeted to reduce Algoma's carbon emissions intensity by approximately 70%, positioning it as a leading producer of lower-carbon steel. The report, aligned with SASB and TCFD, underscores Algoma's commitment to transparency and long-term value creation.

Algoma Steel Group Inc. announced its Annual Meeting of Shareholders will be held virtually on June 23, 2026, to address key corporate matters including the election of directors, appointment of auditors, and an advisory vote on executive compensation. The company highlighted significant progress in its transition to Electric Arc Furnace (EAF) steelmaking, with the first EAF unit successfully commissioned and the full transition to EAF steel production completed in January 2026. This strategic shift aims for reduced greenhouse gas emissions and enhanced long-term competitiveness, despite extraordinary challenges faced by the Canadian steel industry in Fiscal 2025.

Algoma Steel Group reported a Q1 2026 net loss of $159.4 million and revenue of $296.9 million, significantly impacted by the transition to Electric Arc Furnace (EAF) steelmaking and adverse tariffs. The company successfully completed its EAF transition, permanently closing its blast furnace, and is now fully operational with EAF Unit 1. Despite the financial losses, management highlighted operational progress, record plate sales, and strategic partnerships aimed at long-term growth and value creation.