Core Viewpoint - Algoma Steel Group Inc. is facing challenges with expected negative Adjusted EBITDA while achieving significant milestones in its transition to low-carbon steelmaking [2][3]. Financial Guidance - Total steel shipments for the quarter are projected to be approximately 415,000 – 420,000 net tons [2]. - Adjusted EBITDA is anticipated to be negative $80 million – negative $90 million [2]. Strategic Initiatives - The company has successfully completed its first arc and first steel production from its electric arc furnace (EAF) in July, marking a key milestone in its transformation [3]. - Algoma is focusing on Canadian market demand with a tailored product mix of plate and coil, supported by federal and provincial financial assistance [3]. Leadership Changes - David Sgro has resigned from the board of directors for personal reasons, with acknowledgments of his contributions during a transformative period for the company [4][5]. - The Chair of the Board, Andy Harshaw, expressed gratitude for Sgro's leadership and impact on the company's strategic vision [5]. Company Overview - Algoma Steel, based in Sault Ste. Marie, Ontario, is a fully integrated producer of hot and cold rolled steel products, serving various sectors including automotive, construction, and energy [6]. - The company is recognized as a key supplier of steel products in North America and is the only producer of discrete plate products in Canada [6]. Environmental Commitment - Algoma is modernizing its plate mill and adopting electric arc technology to significantly reduce carbon emissions, emphasizing its commitment to environmental stewardship [7]. - The company aims to become one of North America's leading producers of green steel through investments in people and processes [7].