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
Nippon’s Mori meets with Pa. Gov. Shapiro: Report
Nori, a top Nippon Steel official, met on Tuesday with Pennsylvania's governor, to discuss its proposed acquisition of U.S. Steel.
Nippon won’t import slabs to US if U.S. Steel deal goes through
Nippon Steel has affirmed that if its $14.9-billion bid for U.S. Steel proves successful, the Japanese steelmaker will not import overseas-produced slabs to the US.
AISI: Raw steel production falls to 5-week low
Domestic raw steel mill production slipped to a five-week low last week, according to the latest figures released by the American Iron and Steel Institute (AISI). Weekly production is now at the third-lowest level recorded this year.
Nucor maintains HR price at $750/ton
Nucor’s weekly consumer spot price (CSP) for hot-rolled (HR) coil was unchanged week on week (w/w) at $750 per short ton (st) on Monday, Nov. 18.
Mexican court orders sale of officially bankrupt AHMSA
After failing to reach agreements with its creditors, Altos Hornos de México (AHMSA) has been formally declared bankrupt by a Mexican bankruptcy court.