Algoma Steel Group Inc. Announces Results of Voting at Annual Meeting of Shareholders

Company Overview - Algoma Steel Group Inc. is a leading Canadian producer of hot and cold rolled steel sheet and plate products, based in Sault Ste. Marie, Ontario [6] - The company is a key supplier of steel products in North America and the only producer of discrete plate products in Canada [6] Annual Meeting Results - All nominees listed in the management information circular were elected as directors, with a total of 64,907,782 votes cast [2] - The appointment of Deloitte LLP as the Company's auditors for the 2025 calendar year was approved by a majority of votes [2] - A non-binding advisory resolution on executive compensation was also approved by a majority at the Meeting [3] Transformation and Sustainability Initiatives - Algoma is on a transformation journey, modernizing its plate mill and adopting electric arc technology to lower carbon emissions [7] - The company aims to become one of North America's leading producers of green steel, focusing on recycling and environmental stewardship [7] - Algoma is committed to investing in its people and processes to enhance safety and teamwork [7] Market Position and Strategy - Algoma's Direct Strip Production Complex (DSPC) is recognized as one of the lowest-cost producers of hot rolled sheet steel in North America [6] - The company emphasizes delivering responsive, customer-driven product solutions across various sectors, including automotive, construction, energy, defense, and manufacturing [6][8]