Steel Mills
Algoma Installs First Structural Columns at EAF
February 17, 2023
Algoma Steel has installed the first structural steel columns this week at its electric-arc furnace (EAF) steelmaking facility in Sault Ste. Marie, Ontario.
The Canadian steelmaker said that on-site assembly of the structure is targeted for completion within the year.
The company partnered with Hamilton, Ontario-based Walters Group Inc. in fabricating and erecting the main EAF building and additional structures. Algoma’s plate products were used in fabricating the heavy structural components.
“When paired with Ontario’s low-carbon power grid, we expect this transition will position Algoma as one of the leading producers of green steel in North America,” Algoma CEO Michael Garcia said in a statement.
Garcia has said that the project, which costs ~$700 million CAD ($519 million USD), is on track and on budget for mid-2024 completion. It entails switching from integrated to completely EAF steelmaking.
By Ethan Bernard, ethan@steelmarketupdate.com
Latest in Steel Mills
Cliffs unveils new hydrogen-powered stainless line in Ohio
CEO Lourenco Goncalves, flanked by state leaders and union reps, touted the project as proof that US manufacturing is not only alive, but also advancing.
Cliffs idles Steelton, Riverdale, and Conshohocken operations
Cliffs has idled facilities in Riverdale, Ill., and Conshohocken and Steelton, Pa.
Radius loss narrows, volumes climb in ‘healthy’ West Coast market
Stronger steel demand in the Western US, rising scrap flows, and improved rolling mill utilization drove sequential gains for Portland, Ore.-based Radius Recycling.
AISI: Raw steel production backs off multi-year high
US raw steel output edged lower last week after hitting a multi-year high in mid-June, according to the American Iron and Steel Institute (AISI).
Private equity firm Atlas Holdings to acquire Evraz North America
Atlas Holdings said it has signed a definitive agreement to acquire Evraz North America (Evraz NA). The Greenwich, Conn.-based private equity firm said it expects the deal for the Chicago-based steelmaker to close in the second quarter of 2025 subject to various closing condition.