{"id":50400,"date":"2024-01-20T21:18:05","date_gmt":"2024-01-20T21:18:05","guid":{"rendered":"https:\/\/news.pakistaninewspaperlist.com\/algoma-steel-reports-incident-at-coke-making-plant\/"},"modified":"2024-01-20T21:18:05","modified_gmt":"2024-01-20T21:18:05","slug":"algoma-steel-reports-incident-at-coke-making-plant","status":"publish","type":"post","link":"https:\/\/pakistaninewspaperlist.com\/news\/algoma-steel-reports-incident-at-coke-making-plant\/","title":{"rendered":"Algoma Steel Reports Incident at Coke-Making Plant"},"content":{"rendered":"
\n

SAULT STE. MARIE, Ontario, Jan. 20, 2024 (GLOBE NEWSWIRE) — Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (\u201cAlgoma\u201d or \u201cthe Company\u201d), a leading Canadian producer of hot and cold rolled steel sheet and plate products, today announced that in the early hours of Saturday, January 20, 2024 there was a collapse of a structure supporting utilities piping at our coke-making plant.\u202fThere have been no injuries and the Algoma team is managing the occurrence with the safety of our employees and the community as our highest priority.\u202f\u202f<\/p>\n

The incident resulted in a coke oven gas main failure generating abnormal coke oven gas flaring and air emissions.\u202f\u202fAdditionally, a quantity of effluent left our site early this morning and entered the adjacent waterway.\u202fThe source of the discharge has been identified and containment efforts are underway.<\/p>\n

Algoma has notified community and regulatory stakeholders and is working to mitigate and monitor any possible impacts to the environment, our community and ongoing operations.<\/p>\n

While coke production is currently interrupted, all other departments are operating normally. Algoma advises that it has adequate coke supply on hand, and it does not anticipate an impact on customer shipments at this time.<\/p>\n

Algoma is performing a comprehensive assessment of the damage and is focused on managing the occurrence in the safest possible manner, ensuring the seamless continuation of operations and safeguarding public safety and minimizing any environmental impact.<\/p>\n

Cautionary Statement Regarding Forward-Looking Statements<\/strong><\/p>\n

This news release contains \u201cforward-looking information\u201d under applicable Canadian securities legislation and \u201cforward-looking statements\u201d within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 (collectively, \u201cforward-looking statements\u201d) with respect to the\u00a0incident at the coke-making plant, including the impact of the incident on the environment and Algoma’s operations, including coke supply and customer shipments. These forward-looking statements generally are identified by the words \u201cbelieve,\u201d \u201cproject,\u201d \u201cexpect,\u201d \u201canticipate,\u201d \u201cestimate,\u201d \u201cintend,\u201d \u201cstrategy,\u201d \u201cfuture,\u201d \u201copportunity,\u201d \u201cplan,\u201d \u201cdesign,\u201d \u201cpipeline,\u201d \u201cmay,\u201d \u201cshould,\u201d \u201cwill,\u201d \u201cwould,\u201d \u201cwill be,\u201d \u201cwill continue,\u201d \u201cwill likely result,\u201d and similar expressions. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions. Many factors could cause actual future events to differ materially and adversely from the forward-looking statements in this document. Readers should also consider the other risks and uncertainties set forth in the section entitled \u201cRisk Factors\u201d and \u201cCautionary Note Regarding Forward-Looking Information\u201d in Algoma\u2019s Annual Information Form, filed by Algoma with applicable Canadian securities regulatory authorities (available under the company\u2019s SEDAR+ profile at www.sedarplus.ca<\/a>) and with the U.S. Securities and Exchange Commission (the \u201cSEC\u201d), as part of Algoma\u2019s Annual Report on Form 40-F (available at www.sec.gov<\/a>), as well as in Algoma\u2019s current reports with the Canadian securities regulatory authorities and SEC. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and Algoma assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.<\/p>\n

About Algoma Steel Group Inc.<\/strong><\/p>\n

Based in Sault Ste. Marie, Ontario, Canada, Algoma is a fully integrated producer of hot and cold rolled steel products including sheet and plate. Driven by a purpose to build better lives and a greener future, Algoma is positioned to deliver responsive, customer-driven product solutions to applications in the automotive, construction, energy, defense, and manufacturing sectors. Algoma is a key supplier of steel products to customers in North America and is the only producer of discrete plate products in Canada. Its state-of-the-art Direct Strip Production Complex (\u201cDSPC\u201d) is one of the lowest-cost producers of hot rolled sheet steel (HRC) in North America.<\/p>\n

Algoma is on a transformation journey, modernizing its plate mill and adopting electric arc technology that builds on the strong principles of recycling and environmental stewardship to significantly lower carbon emissions. Today Algoma is investing in its people and processes, working safely, as a team to become one of North America\u2019s leading producers of green steel.<\/p>\n

As a founding industry in their community, Algoma is drawing on the best of its rich steelmaking tradition to deliver greater value, offering North America the comfort of a secure steel supply and a sustainable future as your partner in steel.<\/p>\n

Communications contact:<\/strong><\/p>\n

Laura Devoni<\/strong>
Director \u2013 Strategy, Corporate Affairs & Sustainability
Algoma Steel Inc.
Tel: 1.705.255.1202
Fax: 1.705.945.2203
E-mail: Laura.Devoni@algoma.com<\/a>\u00a0<\/p>\n

Investor contact:<\/strong><\/p>\n

Michael Moraca\u00a0
<\/strong>Treasurer & Investor Relations Officer
Algoma Steel Group Inc.
Phone: 705.945.3300
E-mail: IR@algoma.com<\/a>\u00a0<\/p>\n

\n <\/div>\n","protected":false},"excerpt":{"rendered":"

SAULT STE. MARIE, Ontario, Jan. 20, 2024 (GLOBE NEWSWIRE) — Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (\u201cAlgoma\u201d or \u201cthe Company\u201d), a leading Canadian producer of hot and cold rolled steel sheet and plate products, today announced that in the early hours of Saturday, January 20, 2024 there was a collapse of a structure […]<\/p>\n","protected":false},"author":2,"featured_media":50401,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"fifu_image_url":"https:\/\/ml.globenewswire.com\/Resource\/Download\/11c2c419-5bde-47cc-97d8-474b391eca9f","fifu_image_alt":"","footnotes":""},"categories":[208],"tags":[],"class_list":["post-50400","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-globenewswire"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/posts\/50400","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/comments?post=50400"}],"version-history":[{"count":0,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/posts\/50400\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/media\/50401"}],"wp:attachment":[{"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/media?parent=50400"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/categories?post=50400"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/tags?post=50400"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}