Posted on 04 Nov 2026
Algoma Steel has produced its first steel from a second electric arc furnace (EAF) at its Canadian plant, bringing its conversion from blast furnace steelmaking closer to completion.
The new unit delivered its first heat on October 9 and is expected to contribute to shipments in the fourth quarter. The first EAF is operating around the clock. At full capacity, the two units are expected to produce 3.7 million tons of crude steel annually and cut carbon emissions by approximately 70%.
Meanwhile, Algoma reported a third-quarter net loss of C$129.6 million, compared with C$485.1 million a year earlier, when a major impairment charge affected results. Steel shipments dropped by 65.5%, reflecting the transition, a power outage, and US tariffs.
The company is prioritizing plate sales in Canada as US trade barriers continue to restrict exports.
Source:Yieh
