Algoma Steel Group Inc Q4 2023 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Katja Jancic - BMO Capital Markets Equity Research - Analyst : Starting off with the CapEx for the EAF project, I think there's $590 million left to be spent. How much of that is going to be spent this year, so in fiscal '24?

Question: Katja Jancic - BMO Capital Markets Equity Research - Analyst : And then can you update us on the remaining CapEx outside of EAF? How much is that for this year? REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. JUNE 22, 2023 / 3:00PM, ASTL.OQ - Q4 2023 Algoma Steel Group Inc Earnings Call

Question: Katja Jancic - BMO Capital Markets Equity Research - Analyst : And just on the plate mill, the $30 million, is that for the Phase 2?

Question: Katja Jancic - BMO Capital Markets Equity Research - Analyst : And that's all going to be spent this year, fiscal '24?

Question: Katja Jancic - BMO Capital Markets Equity Research - Analyst : And then going to the plate mill modernization. I know you mentioned the Phase 2 hot mill outage will be done in April 24. Can you update us on when is the second phase going to be fully complete? And are you still expecting to increase capacity by 350,000 tons to around 700,000? And how should we think about the ramp-up following the completion?

Question: Katja Jancic - BMO Capital Markets Equity Research - Analyst : Yes. Just one follow-up, sorry. The 15% to 20% increase in the second half of this fiscal year, is that based on the current level? So quarterly levels, how should we think about that? REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. JUNE 22, 2023 / 3:00PM, ASTL.OQ - Q4 2023 Algoma Steel Group Inc Earnings Call