(ALGOF) (OTC:ALGOF)
Industry: Industrial Goods

Listed 4 Consecutive Market Days. On List as of 07/10/2006 Through 07/14/2006

Algoma Steel Inc. is an integrated steel producer with operations located entirely in Canada. The Company produces sheet and plate products that are sold primarily in Canada and the United States. Sheet products include hot-rolled and pickled coils, cut-to-length coils, cold-rolled coils and first-stage blanks. Plate products include as-rolled and heat-treated plate and welded wide flange beams. The Company's sales totaled steel shipments of 2.283 million tons during the year ended December 31, 2005. In 2005, sheet represented 80.2% of Algoma Steel Inc.'s total shipments, while plate represented 19.8% of the total shipments. Algoma Steel Inc. sold 93,100 tons of coke in 2005. The Company obtains its coal requirements mainly through a United States supplier with the coal held in a consignment inventory in Sault Ste. Marie. The agreement with the supplier expires March 31, 2006. Algoma Steel Inc. has concluded contractual arrangements respecting approximately 85% of its coal requirements for 2006. Algoma has a supply agreement with Cleveland-Cliffs Inc. for the supply of iron ore with 11 years remaining in the 15-year agreement. The Company consumed 174,500 tons of purchased scrap in 2005. Algoma Steel Inc. consumes approximately 700,000 tons of scrap annually with most of its scrap requirements generated from internal sources. Praxair Canada Inc. supplies oxygen, argon and nitrogen under a contract that has 9.5 years remaining at December 31, 2005. One customer represented 11% of Algoma Steel Inc.'s total sales in 2005.

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As Of: 10/07 00:00 ET
*Quotes delayed by 20min.

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