New Algoma Steel facility to make advanced grades of steel
- February 24, 2021
The company says this facility—named No.2 LMF—marks a major milestone in its drive towards sustainability and is a key step in the commissioning of the new steel refining facility, which will add another 100,000 tons of capacity to deliver advanced grades of steel.
"No.2 LMF is a key component of our sustainability transformation. When combined with upgrades to our Plate Mill, our Direct Strip Production Complex and the continual critical review of every aspect of our cost structure, these initiatives are vital to sustaining our competitive position as an advanced manufacturer in Canada,” said CEO Michael McQuade.
“Canadian steel has the smallest carbon footprint of any steel used in Canadian manufacturing today, and these investments will help ensure a strong, reliable supply of the grades of steel we need to build back our economy."
The 2.1-million-ton ladle metallurgy furnace augments Algoma’s existing capacity from its faciltiy to deliver quality, precision grades, and enhances productivity to meet strong market demand.
Based in Sault Ste. Marie, Ont., Algoma Steel Inc., is a fully integrated steel producer of hot and cold rolled steel products including sheet and plate.