Algoma Addresses Casthouse Incident

Core Insights - Algoma Steel Group Inc. reported an incident involving contact between slag and moisture in the hot iron trough, affecting twelve workers, with five requiring treatment at a local hospital, all of whom have since been released [1][2] - The incident did not impact the blast furnace recovery, and the company remains on track for a return to full production [2] Company Overview - Algoma Steel is a leading Canadian producer of hot and cold rolled steel sheet and plate products, based in Sault Ste. Marie, Ontario [4] - The company is a fully integrated producer and key supplier of steel products in North America, being the only producer of discrete plate products in Canada [4] - Algoma is modernizing its operations by adopting electric arc technology to lower carbon emissions and enhance sustainability [5] Recent Developments - The company is currently investigating the recent incident and has comprehensive safety training and procedures in place for its operations [2] - Algoma is also addressing previous issues related to a structure collapse that occurred on January 20, which had unexpected consequences for the blast furnace [2]