◂ Announcements

Oct 27, 2022EXPANSIONSault Ste. Marie, Ontario, Canada

Algoma Steel to transition to electric-arc steelmaking with $700M investment

Algoma Steel is investing $700 million to transition to electric-arc steelmaking, which will eliminate five to seven noise sources. Commissioning of two new furnaces is scheduled to begin in mid-2024.

Value

$700.0M

Starts operating

Q3 2024

Status

Under construction

Productssteel

CompaniesAlgoma Steel Inc.

Sectors#Steel and Metal Products

“We'll have fewer noise sources.”sootoday.com

1 source
sootoday.comSteel mill plans to reduce the racket - Sault Ste. Marie NewsDavid HelwigOct 28, 2022

Summarized from public sources; check the original articles before acting on it.

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Algoma Steel to transition to electric-arc steelmaking with $700M investment · Endata