Ontario-based Algoma Steel is poised to become a high-volume consumer of ferrous scrap as its 3.7 million tons per year of EAF capacity ramps up. The CEO of the Sault Ste. Marie, Ontario-based Algoma ...

Algoma Steel Group is transforming its steel-making process from Blast Furnace to Electric Arc Furnace, which is expected to improve margins. The Company should be assessed based on the ...

BMO Capital downgraded Algoma Steel Group Inc. (NASDAQ:ASTL) to Market Perform from Outperform, while simultaneously lowering ...

In the current phase, Algoma is operating its primary facilities while training the EAF workforce, producing approximately 2.1-2.2 million net tons of finished steel.

This partnership extension with U.S. Steel is pivotal for Algoma as it advances its transformation journey toward electric arc furnace (EAF) steelmaking. The extended contract is expected to cover ...

Algoma is on track to significantly reduce annual carbon emissions by approximately 70% following the completion of the EAF project, positioning itself as a greener steel producer in North America.

We continue to expect a successful EAF start-up in mid-2024. Once the project is completed, we expect Algoma will be one of the lowest-cost green-steel production facilities in North America ...