Steel Mills

Algoma to shut down line in Ontario ahead of EAF start
Written by Stephanie Ritenbaugh
January 21, 2025
Algoma plans to idle its 106” Mill at its facility in Sault Ste. Marie, Ontario, as it transitions to electric-arc furnace steelmaking.
The company did not specify a timeline for the change.
“Algoma must adapt to the ever-changing steel market and in addition to our flagship Direct Strip Production Complex sheet mill, we are focusing our operational and business efforts on producing and selling plate as part of our plate growth strategy, enabled by our recently modernized plate mill,” a spokeswoman for the Canadian steelmaker said.
“As a result, we have made the decision to indefinitely idle the 106” Mill, which was part of our plate and strip combination facility,” she added.
“Along with state-of-the-art electric arc furnaces, Algoma is equipped to serve the North American market with modern hot roll and plate production facilities,” the spokeswoman said in a statement.
Earlier this month, Algoma said it had begun cold commissioning its EAF project in Sault Ste. Marie. Cold commissioning began in Q4 and is accelerating, according to the company.
First steel production is expected by the end of Q1’25.
Algoma’s EAF project features two EAFs, which will eventually replace the existing blast furnace and basic oxygen steelmaking operations.
Once the project is completed, Algoma will have an annual raw steel production capacity of ~3.7 million short tons.

Stephanie Ritenbaugh
Read more from Stephanie RitenbaughLatest in Steel Mills

SDI concerned with potential Brazil pig iron tariffs
Steel Dynamics Inc. (SDI) executives called a 50% tariff on Brazilian pig iron “concerning,” but think tariffs will be a “mainstay” of trade agreements going forward.

SDI earnings slip in Q2 as trade volatility hits customer orders
SDI profits slipped in second quarter amid trade policy volatility.

Cliffs puts ‘for sale’ signs up after another big quarterly loss
Cleveland-Cliffs lost more than $400 million for the third consecutive quarter but predicted results would improve in the second half of the year. And shares of the Cleveland-based steelmaker surged after company executives said during its Q2 earnings call on Monday that they could make billions by courting foreign investors or selling assets.

Algoma sees narrower Q2 loss but feels tariff sting
Algoma Steel expects a narrower sequential loss in the second quarter, but the company continues to be impacted by the US tariff situation.

Nippon plans to double steel output at USS operations: Report
Now that it has acquired U.S. Steel, Nippon Steel is planning a significant expansion of its US operations, including the construction of a new mill and more than doubling its steel output.