Algoma steel distributes over $150 million in employee profit sharing program

Sault ste. marie, ontario, june 23, 2022 (globe newswire) -- algoma steel group inc. (nasdaq: astl; tsx: astl) (“algoma” or “the company”), a leading canadian producer of hot and cold rolled steel sheet and plate products, today announced fiscal 2022 returned $150.7 million in total profit share payouts for eligible employees. with the second installment scheduled for release on june 24th, fiscal 2022's profit share represents the highest payments per employee in the company's history. all figures are in canadian dollars unless otherwise stated.
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