# Algoma Steel begins construction of $703M electric arc furnace facility in Sault Ste. Marie

Algoma Steel has started construction on a $703 million electric arc furnace facility in Sault Ste. Marie, Ontario. Foundation work is underway, with structural steel erection expected in late September or October 2022.

- Type: Expansion
- Announced: 2022-08-08
- Where: Sault Ste. Marie, Ontario, Canada
- Value: $703.0M
- Status: under construction
- Capacity: 3.7 million tons per year of raw steel
- Products: raw steel
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Algoma Steel Inc.](https://endata.com/companies/15428.md)

## Sources

- [northernontariobusiness.com](https://www.northernontariobusiness.com/industry-news/design-build/biggest-construction-project-in-saults-history-is-now-underway-5669805), 2022-08-08: "Algoma Steel has already sunk $103 million into its $703-million electric-arc furnace facility."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.