Steel Mills
Job Cuts at Essar Steel Algoma
Written by Sandy Williams
February 14, 2015
USW Local 2251 reports that Essar Steel Algoma is terminating 55 positions due to a decline in plate steel orders. According to a report by Soo Today, most of the employees have not completed their probationary period.
The job cuts follow an announcement Jan. 23 confirming a contract for 1500 tonnes of plate for construction of six Canadian Arctic Offshore Patrol Ships. At that time, Essar also announced plans to restart the #6 blast furnace by November 2015.
The company said it planned to add nearly 200 jobs in April to prepare for the restart and to meet production demand. Essar has asked the city of Sault Ste. Marie to contribute $1 million towards the upgrade and restart of the blast furnace, citing the economic benefits the investment would bring to the region. Addition of the #6 blast furnace would increase Essar Steel Algoma’s production by 1 million tons.
USW Local 2251 President Mike DaPrat said that Essar hopes to rehire the terminated workers during the April hiring if market conditions allow.
Sandy Williams
Read more from Sandy WilliamsLatest in Steel Mills
Nippon Steel posts quarterly loss on cost to buy U.S. Steel
Nippon Steel earnings take hit from buy of U.S. Steel.
Atlas completes Evraz NA deal, renames firm, and hires former USS exec as CEO
Atlas Holdings has completed its acquisition of Evraz North America (Evraz NA) and its subsidiaries.
ArcelorMittal: As tariffs slow global growth, Calvert could be a bright spot
ArcelorMittal expects less demand growth across most of the markets it operates in, including the US, because of President Donald Trump’s tariffs. But the Luxembourg-based steelmaker also thinks it stands to benefit from an increasingly regionalized world thanks to investments like the new EAF at its mill in Calvert, Ala.
Ternium posts solid Q2, expects further shipment growth
Latin American steel producer Ternium delivered a solid performance in the second quarter of 2025. Performance was driven primarily by higher realized steel prices in Mexico, even as shipment volumes declined slightly across its regional portfolio.
Algoma swings to loss on ‘unprecedented disruptions’ and trade barriers
Canada’s Algoma Steel saw a sharp loss in the second quarter amid a continued challenging market environment and “tariff uncertainties.”