Market Segment
February 24, 2021
Algoma Boosts Capacity with Second LMF
Written by Michael Cowden
Algoma Steel has struck an arc at its second ladle metallurgy furnace (LMF), a move expected to increase capacity by approximately 100,000 tons per year, the company said.
The second LMF – officially No.2 LMF – has annual capacity of 2.1 million tons and complements the Canadian flat-rolled steelmaker’s No.1 LMF.
The addition of a second LMF follows upgrades to Algoma’s plate mill and direct strip production complex.
“These initiatives are vital to sustaining our competitive position as an advanced manufacturer in Canada,” Algoma CEO Michael McQuade said.
Sault Ste. Marie, Ontario-based Algoma makes hot-rolled and cold-rolled sheet as well as plate. The mill has annual capacity of approximately 2.8 million tons per year, according to its website.
Algoma is also an important supplier to the the Midwest and Great Lakes flat-rolled steel markets in the U.S.
By Michael Cowden, Michael@SteelMarketUpdate.com
