News & Insights

News & Insights

Algoma Press Releases, Articles, and Community News

EAF Update: EAF Duct System Complete

We’ve successfully installed the Fume Treatment Plant (FTP) stacks for our Electric Arc Furnaces (EAFs)!

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Algoma Steel Responds to COVID-19 Market Impacts

As a result of COVID-19 market impacts, Algoma Steel Inc. (Algoma Steel) announced today the Company will be adjusting production to match current demand and to curtail costs. A market recovery is not anticipated in the near-term, and market conditions remain unstable. Therefore Algoma Steel is taking appropriate measures to ensure the Company continues to have the financial resilience and resources required, while maintaining reliable supply and product quality for Algoma’s customers.

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Algoma Steel Applauds Return to Fair and Just Steel Trade Position

Algoma Steel Inc. congratulates the Government of Canada on the complete lift of steel tariffs imposed under Section 232 as announced today. This returns Canada and the US to a fair and just steel trade position within a fully integrated North American market. Algoma Steel CEO Mike McQuade commented on today’s announcement, “Today’s announcement provides our customers with the confidence that Algoma Steel remains their partner in steel. I extend our sincere thanks to the current government, who under the leadership of Prime Minister Trudeau and Minister Freeland have recognized the critical role of the steel industry in Canada.”

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Algoma Steel Announces Appointment of Michael McQuade as Chief Executive Officer

Algoma Steel Inc. (with its affiliates, “Algoma” or the “Company”) is pleased to announce the appointment today of Michael McQuade as Chief Executive Officer of the Company. Mr. McQuade, who is currently a director of Algoma, has more than 35 years of steel industry experience in a number of senior leadership positions. “On behalf of the board of directors, I am pleased to announce the appointment of Michael McQuade as Chief Executive Officer of Algoma” stated Andy Harshaw, Chairman of Algoma. “Mike has the skills and experience to lead Algoma in the next stage of its evolution as a leading Canadian steel company and globally competitive producer. Mike and the other members of Algoma’s leadership team will build on the Company’s financial and operational strengths and oversee the Company’s CDN $300 million facility modernization program. This program will expand the Company’s capacity and grade capability and position Algoma to meet the growing demand for advanced grades of steel. As our new Chief Executive Officer, Mike McQuade will work closely with our employees and business partners to build on Algoma’s strengths, generate value, and maintain Algoma as the industrial cornerstone of Sault Ste. Marie.”

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Media Backgrounder

ALGOMA STEEL INC. Algoma Steel Inc. has a rich 100-plus year steelmaking tradition here in…

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Algoma Steel Star Shines Bright Once Again

In honour of the season, Algoma Steel Inc. (“Algoma Steel” or the “Company”) is pleased to announce they have partnered with Millennium Crane Rentals to resurrect the Christmas Star. The Star was crafted back in the 1980’s by members of Algoma’s Central Trades group. Measuring 29 feet across, the steel framed star was wired with lights and hoisted high in the sky to shine bright over the Steelworks, bestowing goodwill and best wishes to the residents of Sault Ste. Marie.

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Algoma Steel Inc. Emerges

A Stronger, More Sustainable, Canadian Steel Company – and we’re hiring SAULT STE. MARIE, Ont. — Algoma Steel…

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Algoma Announces Financial Results for Fiscal Year 2018 and First Half Fiscal 2019

Essar Steel Algoma Inc. (doing business as Algoma) announced today that it has released its financial results of operations for the fiscal year ended March 31, 2018 and for the six-months ended September 30, 2018. The financial statements for these periods can be found on the website of the Monitor appointed by the Ontario Superior Court of Justice (Commercial List) pursuant to the Companies’ Creditors Arrangement Act(the “CCAA”), at www.ey.com/ca/essaralgoma.

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Algoma Announces Agreement in Principle Reached

Essar Steel Algoma Inc. (doing business as Algoma) announced today that an agreement in principle has been reached regarding the Port. Justice Hainey stated the Asset Purchase Agreement should be approved and commended the parties on reaching an Agreement in principle, noting that the Sale Transaction will be in the best interests of Algoma and its stakeholders.

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Algoma Commissions 55MW Combined Heat and Power Plant

Algoma announced today that just four months after its acquisition of its neighbouring combined heat and power plant (formerly Lake Superior Power Plant), the idled facility is back online supplying power to Algoma’s power grid. August 1st, 2018 marked its first day of production, generating 32 MW of power just in time to meet summer’s peak power requirements.

Algoma Hosts Environmental Community Open House

Algoma invites the public to attend an Environmental Community Open House to obtain information and ask questions about Algoma’s environmental program and Site Specific Standards for particulate matter, benzene and benzo (a) pyrene.

Opportunity for Career in Steel – Algoma Issues Call for Production Workers

Essar Steel Algoma Inc., doing business as ‘Algoma’, is currently recruiting for 63 production positions. Advertised on the company’s website today, these roles range from general labour duties, to the receipt of raw materials and shipment of product, to production operations.

Algoma Returns to its Roots

A company with inseparable ties to Sault Ste. Marie and a rich, century old steelmaking tradition is returning to its roots. After a decade known as Essar Steel Algoma, the historic steel manufacturer has launched its new brand: Algoma.

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Essar Steel Algoma Extends Stay of Proceedings and Debtor-in-Possession Financing

Essar Steel Algoma Inc. (“Essar Steel Algoma” or the “Company”) obtained an Order on March 30, 2017 from the Ontario Superior Court of Justice (Commercial List) extending the stay of proceedings under the Companies’ Creditors Arrangement Act (“CCAA”) to April 30, 2017. The lenders under the Company’s existing debtor-in-possession financing facility (the “DIP”) have also consented to an extension of the scheduled maturity of the DIP to April 30, 2017.

Algoma Steel 2024 ESG Report Covers

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2024 ESG Report

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