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Stock impact report

Algoma Addresses Casthouse Incident [Financial Post (Toronto, Ontario, Canada)]

Algoma Steel Group Inc. (ASTL) 
Company Research Source: Financial Post
SAULT STE. MARIE, Ontario, Feb. 09, 2024 (GLOBE NEWSWIRE) — Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, today advised that at approximately 10:00 pm on Wednesday, February 7 there was an incident at the north casthouse of the blast furnace complex where the Company believes slag made contact with moisture in the hot iron trough. Twelve workers were impacted by the incident and five were treated at Sault Area Hospital. All five were treated and released. Article content Article content Michael Garcia, the Company's Chief Executive Officer, commented, “The hazards associated with working with molten metal are well known to us and we have comprehensive training and procedures to ensure the safety of our operations. Our investigation is ongoing to fully understand what happened. Our first and primary concern is the health and safety of our employees and we are thank Show less Read more
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