Algoma Steel Inc.

Algoma Steel Inc.

Mining

Sault Ste. Marie, Ontario 23,076 followers

Building better lives and a greener future.

About us

(NASDAQ: ASTL; TSX: ASTL) At Algoma, we are driven by a strong purpose to build better lives and a greener future. We believe in the power of steel to add value to all aspects of our life. We work in partnership with our customers - the great innovators, developers and builders of today- to improve how we live, work, move and grow together. We make strong steel that lasts, offering North America the comfort of a secure steel supply. Based in Sault Ste. Marie, Ontario, Algoma is a producer of hot and cold rolled steel sheet and plate products. With a raw steel production capacity of an estimated 2.8 million tons per year, Algoma’s diverse capabilities enable us to deliver customer-driven product solutions straight from the ladle to direct applications in the automotive, construction, energy, defense, and manufacturing sectors. Algoma is a key supplier to customers across North America and is the only producer of plate steel products in Canada. Our state-of-the-art Direct Strip Production Complex, where we transform liquid steel to a finished coil in about 30 minutes using 40% less energy than a conventional mill, positions us among the lowest-cost producers of hot rolled sheet steel in North America. Our quality products meet international performance standards for manufacturing, automotive, construction, mining, energy, ship, rail and military applications. Algoma is on a transformational journey, modernizing our plate mill and adopting electric arc technology that builds on the strong principles of recycling and environmental stewardship, to significantly lower carbon emissions. We are a founding industry and the largest employer in our community. We want the benefits of our steel to endure for generations. We are working safely, as a team to become one of North America's leading producers of green steel, drawing on the best of our rich steelmaking tradition to deliver greater value to our people, customers, investors, communities, and the world around us.

Industry
Mining
Company size
1,001-5,000 employees
Headquarters
Sault Ste. Marie, Ontario
Type
Public Company
Founded
1901
Specialties
hot and cold rolled steel sheet, as-rolled and heat treated plate, carbon and high strength, low alloy (HSLA) grades, and floor plate

Locations

  • Primary

    105 West Street

    Sault Ste. Marie, Ontario P6A 7B4, CA

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  • 5515 North Service Road, Suite 301

    Burlington, Ontario L7L 6G4, CA

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Funding

Algoma Steel Inc. 2 total rounds

Last Round

Post IPO debt

US$ 350.0M

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