Supplied by Algoma Steel…
SAULT STE. MARIE – 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.”

About Algoma Steel Inc.:
Based in Sault Ste. Marie, Ont. Algoma Steel Inc. is a fully integrated steel producer of hot and cold
rolled steel products including sheet and plate. With a production capacity of an estimated 2.8 million
tons per year, Algoma Steel’s size and diverse capabilities enable it to deliver responsive, customer driven product solutions straight from the ladle to direct applications in the automotive, construction,
energy, defense, and manufacturing sectors.
Today Algoma Steel is on a course of action, returning to its roots as a customer-focused,
entrepreneurial company with the courage and growing capability to meet the industry’s challenges
head-on. It is investing in its people and processes, optimizing and modernizing so that it might
continue to be your partner in steel.