Algoma Steel Secures Iron Ore Supply

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Algoma Steel Inc. (Algoma Steel) announced today they have signed a new four-year iron ore pellet purchase agreement with United States Steel Corporation. The contract replaces contracts that expire at the end of this year and provides Algoma Steel with surety of supply
of quality iron ore pellets through to the close of the 2024 shipping season.

Algoma Steel CEO Michael McQuade remarked on the agreement, “This contract provides Algoma Steel with a competitive iron ore supply that will sustain our business through the steel market cycle.”