Algoma Steel

Latest News

It's All Coming Together: Algoma Steel Links Skeleton of EAF Building

02 November 2023 - Algoma Steel’s electric arc furnace (EAF) installation has reached a new construction milestone as the company has put in place the last of four crane girders, according to a regional business publication.

Algoma, U. S. Steel Sign Iron Ore Agreement

03 October 2023 - Algoma Steel is extending an iron ore purchase agreement with United States Steel Corporation, securing enough of the raw material to complete its transition from blast furnace production to electric arc furnace production.

Algoma Expects Improved Shipments in Fiscal Q4

04 April 2023 - Canada’s Algoma Steel expects to report fiscal adjusted EBITDA earnings of CA$25 million to CA$30 million the fiscal fourth quarter, the company has said.

Algoma Brings Aboard Project Management Firm for EAF Build

14 March 2023 - Algoma Steel has contracted industrial and civil construction management firm EllisDon to see its electric arc furnace (EAF) project through to completion.

Algoma Reports Progress on Meltshop Project

20 February 2023 - Algoma Steel has reached a new milestone in construction of its electric arc furnace based meltshop, setting the first structural steel columns that will support the facility.

Lower Prices, Shipments Likely to Dent Algoma Q3 Earnings

11 January 2023 - Canada’s Algoma Steel Inc. said Tuesday it expects to report a fiscal Q3 adjusted loss before interest, taxes, depreciation and amortization of between CA$35 million and CA$45 million due to lower plate shipments, softer steel prices and routine, seasonal maintenance work.

Algoma Reports Progress on EAF Installation

09 November 2022 - Algoma Steel’s transformative electric arc furnace (EAF) installation remains on track, despite a number of operational setbacks elsewhere that dampened the company’s fiscal second-quarter results.

Algoma, USW Shake Hands on Tentative Labor Pact

23 August 2022 - Algoma Steel and union negotiators have reached a tentative labor agreement, averting a potential work stoppage, the union and the company said on Tuesday.

Algoma, USW Extend Labor Contract, Temporarily Avert Strike

01 August 2022 - The United Steelworkers and Algoma Steel have agreed to a 15-day contract extension after resolving a key issue, temporarily averting a strike.

Algoma Profit Share Sets New Record

24 June 2022 - Algoma Steel’s employee profit sharing program has set a new company record for the highest amount awarded to employees.

Algoma Steel Appoints New CEO; Michael McQuade to Retire

18 April 2022 - Canadian steelmaker Algoma announced this morning that Michael Garcia will become its next chief executive officer (CEO) on 1 June 2022.

Algoma Steel Remarks on Ontario’s Newly Announced Northern Energy Advantage Program

11 April 2022 - After a recent move to electric arc furnace (EAF) steelmaking, Algoma Steel applauds the Canadian province of Ontario’s newly announced Northern Ontario Energy Advantage Program (NEAP).

GE to Upgrade Algoma Steel’s Power Generation Capabilities

28 January 2022 - As part of its transition to electric arc furnace steelmaking, Algoma Steel Group Inc. announced yesterday that it has awarded GE Gas Power a contract to upgrade its natural gas combined cycle power plant.

Algoma to Utilize Danieli Digimelter in Transition From BF to EAF Steelmaking

03 December 2021 - The Canadian steel producer selected Danieli as its sole technology supplier in the company’s transition from integrated to electric steelmaking, according to a press release from Danieli.

Algoma Announces Construction of Two New EAFs

11 November 2021 - The Canadian steelmaker announced today that its existing blast furnace and basic oxygen steelmaking operations will be replaced by two new state-of-the-art electric arc furnaces (EAFs).

Algoma Chief Commercial Officer to Retire in 2022; New Vice President Sales Named

27 October 2021 - Canadian steelmaker Algoma announced today that its chief commercial officer, Robert Dionisi, will retire next May after a 42-year career with the company.

Algoma Once Again Is a Publicly Traded Company

20 October 2021 - Algoma Steel and the entity created to buy the Canadian steel producer have finalized the sale, marking the start of a new chapter for Algoma.

Algoma Closes in on EAF Investment Decision

24 August 2021 - Integrated steelmaker Algoma Inc. is nearing a final investment decision on its proposed transition to electric steelmaking, the company’s chief executive has said.