https://www.northernontariobusiness.com/
Algoma Steel has already sunk $103 million into its $703-million electric-arc furnace facility. New buildings will start to rise either late next month or in October
Algoma Steel Inc. has already spent more than $100 million on a two-year, game-changing technology upgrade that local building officials say will be the most expensive construction job in Sault Ste. Marie’s history.
The massive project, expected to cost $703 million, will replace Algoma’s existing blast furnace and basic oxygen steelmaking processes with two new electric arc furnaces (EAFs), allowing 3.7 million tons in annual raw steel production with something like a 70 per cent reduction in annual carbon dioxide emissions.