# 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.

- Type: Expansion
- Announced: 2022-10-27
- Where: Sault Ste. Marie, Ontario, Canada
- Value: $700.0M
- Starts operating: Q3 2024
- Status: under construction
- Products: 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

- [sootoday.com](https://www.sootoday.com/local-news/steel-mill-plans-to-reduce-the-racket-6019968), 2022-10-28: "We'll have fewer noise sources."

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