# Algoma Steel provides construction update on $703M electric arc furnace project

Algoma Steel is constructing a $703 million electric arc steelmaking facility in Sault Ste. Marie, Ontario, featuring two electric arc furnaces to replace existing blast furnace operations. The project is on budget and on time, with commissioning expected in spring 2024 and full completion by 2029.

- Type: Expansion
- Announced: 2023-01-26
- Where: Sault Ste. Marie, Ontario, Canada
- Value: $703.0M
- Jobs: 500
- Starts operating: Q2 2024
- Status: under construction
- Products: green steel, electric arc furnace 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/manufacturing/algoma-steel-shares-construction-update-on-electric-arc-furnace-6438271), 2023-01-26: "The $703-million project will feature a pair of electric arc furnaces (EAF) that will replace the plant’s existing blast furnace, coke oven batteries, and basic oxygen steelmaking operations."

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