Steel Mills
Algoma Boosts Capacity with Second LMF
Written by Michael Cowden
February 24, 2021
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
Michael Cowden
Read more from Michael CowdenLatest in Steel Mills
Nucor names Batterbee, Bledsoe to HR roles
Nucor Corp. has promoted Thomas J. Batterbee to the position EVP of human resources and talent and appointed Elizabeth Bledsoe to the newly created position of president of human resources and talent.
Millett sees tariffs, CORE case benefiting SDI
Steel Dynamics' top exec thinks Trump’s tariff policies, as well as the results from the recent CORE case, will prove advantageous to the Fort Wayne, Ind.-based steelmaker and aluminum company.
USW digs in on opposition to USS-Nippon deal
“We remain deeply concerned about the national and economic security implications of the subject transaction,” the union stated in the letter dated April 21.
SDI’s Q1 earnings slump on-year, but up sequentially
SDI earnings slip in first quarter year over year, but are up sequentially.
POSCO inks MoU with Hyundai on Louisiana EAF mill
POSCO has signed a Memorandum of Understanding (MoU) with Hyundai Motor Group that includes an equity investment in Hyundai’s previously announced EAF mill set to be built in Louisiana.