Tag Archives: Algoma Steel

Wednesday Morning News – June 26

Weather – A mix of sun and cloud. 30 percent chance of showers early this morning and late this afternoon. Fog patches dissipating this morning. High 22. UV index 7 or high. Partly cloudy with a 30 percent chance of showers early this evening. Low 11.   News Tidbits – Lake Superior Provincial Park has several interesting things happening today – Moth Madness and Species ...

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Algoma Steel Statement of Lift of Steel Tariffs

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 U.S. 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 ...

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Ontario Protecting Steel Industry Jobs in Sault Ste. Marie

  Greg Rickford, Minister of Energy, Northern Development and Mines  visited Algoma Steel Inc. to announce a $60 million repayable loan from the provincial government yesterday, January 10, 2019. “Our government is committed to ensuring Algoma Steel remains competitive and sustainable in a tough market,” said Minister Rickford. “The investment announced today secures thousands of jobs and pensions and signals ...

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Allow us to reintroduce ourselves. We are Algoma Steel Inc.

Welcome to the all-new Algoma Steel Inc.! As of November 30th, 2018, Algoma Steel Inc. purchased substantially all of the assets of Essar Steel Algoma Inc. Today we are stronger, more sustainable, and free from the protection of the Companies’ Creditors Arrangement Act (CCAA). Algoma Steel is now privately owned by a solid group of investors who are committed to ...

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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 CEO ...

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Steelworkers’ Solidarity Produces Tentative Agreements at Algoma

May 14, 2018 @ 14:09 Tentative agreements negotiated by the United Steelworkers (USW) at Sault Ste. Marie steelmaker Algoma offer optimism of a return to prosperity and normalcy for thousands of working families and a community that have endured 2½ years of upheaval and uncertainty. “The Steelworkers and our members in Sault Ste. Marie have stood in solidarity since 2015 ...

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Essar Steel Algoma Returns to its Roots – Rebrands as Algoma

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. Today during a ceremony at its facilities on the shores of the St. Mary’s River employees gathered to mark a new ...

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