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Algoma Steel Group Inc.

11:17 AM EST - Algoma Steel Group Inc. : Announced the appointment of Michael Garcia as Chief Executive Officer effective June 1, upon the retirement of current CEO Michael McQuade. McQuade will continue to serve on the Company’s board of directors and Garcia will also join the Board concurrent with his appointment as CEO. Algoma Steel Group Inc. shares T.ASTL are trading up $0.35 at $14.00.