Algoma Steel Reports Fatal Incident

(Neutral)

(Very Negative)How Sentiment works

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

How Sentiment works How the balance works

Argus Session date unavailable

+0.52% session move Open Argus

Details

News Market Reaction – ASTL

The recorded move for ASTL in the trading session of this news was +0.52%.

Data tracked by StockTitan Argus. Session date unavailable.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google

06/16/2023 - 09:00 AM EDT

SAULT STE. MARIE, Ontario, June 16, 2023 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or the “Company”), regrets to report a fatal incident involving an employee of a contractor who was retained to perform specialized maintenance work.

On the afternoon of June 15^th, the worker lost consciousness while cleaning an out-of-service gas line. Algoma Steel Emergency Services personnel responded immediately with assistance from Sault Ste. Marie Fire and Paramedic Services. The worker was transported to Sault Area Hospital where they succumbed to their injuries. The Ministry of Labour has been notified and an investigation is underway.

Algoma Steel Chief Executive Officer Michael D. Garcia commented, “We extend our sincere condolences to the family, friends, and colleagues affected by this devastating loss. The safety and well-being of everyone in our workplace is a top priority and core value at Algoma Steel. We wish to express our gratitude for the prompt response and assistance provided by the emergency services personnel and the dedicated team members who were on-site during this challenging incident. They demonstrated the utmost professionalism and commitment in dealing with the situation and providing urgent medical assistance.”

Counselling services have been made available to Algoma employees and those of the contractor who may have been impacted by the event.

For more information, please contact:

Brenda Stenta
Manager Communications and Branding
Algoma Steel Inc.
Phone: 705.206.1022
Email: brenda.stenta@algoma.com