Steel Mills
Algoma CEO to Lead Canadian Steel Producers Association
Written by Sandy Williams
September 27, 2019
The Canadian Steel Producers Association has appointed Algoma Steel CEO Michael McQuade as Chairman of the Board of Directors.
McQuade was appointed CEO of Algoma in March 2019. Prior to assuming the leadership role at Algoma, McQuade accumulated more than 35 years of experience at Stelco Inc. He moved through a variety of roles at Stelco and in 2007 was promoted to vice president of finance and played a critical role in the sale of the company to U.S. Steel.
McQuade was appointed general manager of finance at U.S. Steel Canada following the acquisition. In 2010 he was appointed chief financial officer and culminated his role at Stelco/U.S. Steel Canada as president, leading a successful financial restructuring and sale of the company. He retired from Stelco in December 2017.
Sandy Williams
Read more from Sandy WilliamsLatest in Steel Mills
Nucor gives updates on new capacity coming online
Nucor said several of its capital projects will start operations within the next year and provided an update on them.
Algoma swings to loss on ‘market challenges’ and ‘tariff uncertainties’
Canada’s Algoma Steel swung to a loss in the first quarter amid "market challenges," and the company now expects first steel production from its first EAF in the second quarter.
Ternium raises budget for Mexico project
The steelmaker now expects the new steel slab mill in Pesquería will begin operations by Q4’26.
SSAB announces $74M expansion in Alabama
The project will expand heat treat capacity at its Axis, Alabama plant
ArcelorMittal’s EAF in Alabama expects first heat in Q2
The facility at AMNS Calvert will be the first EAF in North America capable of supplying exposed automotive grades with domestically melted and poured material.