Algoma Steel moving ahead with electric steel furnace transition

Algoma Steel is thanking the province for its support as the steelmaker transitions from blast-furnace steel making to electric arc furnaces.

The move comes after an announcement earlier this year by the federal government of funding to help the steel plant with a $700 million construction of two electric arc furnaces.

Algoma Steel’s board of directors gave final approval to the investment, and work will now begin on transitioning the steel manufacturer to electrified steel making.

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