Algoma Steel announces that union ratifies agreement

SAULT STE. MARIE — Algoma Steel Group Inc. reports it has been notified by United Steelworkers Local 2724, the union representing its technical, professional and front-line supervisory employees, that their members have successfully ratified their collective agreement, providing an enhanced economic package for their members and importantly setting out the process to transition the workforce to electric arc steelmaking.

Discussions are ongoing between the Company and the hourly employees represented by USW Local 2251, and the Company continues to work toward reaching an agreement before the contract expires on July 31, 2022.

Algoma President and Chief Executive Officer, Michael Garcia commented on the development, “I extend sincere thanks to the negotiating committees for their concerted efforts to work through the issues in a timely manner, Together we have made great strides in Algoma’s transformation, and we are on track to position the Company for a secure, sustainable future as a leading producer of green steel. We will continue to work as a team, remain committed to the plan, and maintain forward momentum.”