Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Algoma Steel has installed a 2.1mn mt No 2 ladle metallurgy furnace (LMF) at its Sault Ste. Marie, Ontario plant, in a critical step towards commissioning the new 100,000mt of additional advanced grades that will be produced by the company. 


Michael McQuade, chief executive officer of Algoma said in a statement this week that the No 2 LMF is an essential component to improve the company’s competitiveness when combined with other recent upgrades to the plate mill, updates at the direct strip production complex, and continuous operational improvements. 


The company had filed a complaint on April 6, 2020, with the Canada Border Services Agency (CBSA) that China, Germany, South Korea, Malaysia, and Turkey were illegally dumping hot-rolled heavy plates into Canada. The complaint was elevated by the CBSA this week to initiate an antidumping investigation.


Canada-based Algoma Steel is a fully integrated steel producer of hot and cold rolled finished steel products including plate and sheet. The company has an estimated annual crude steel capacity of 2.8mn mt to service automotive, construction, and other sectors. 

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