Canada’s Algoma Steel to build EAFs to replace BF steelmaking

Friday, 12 November 2021 13:54:59 (GMT+3)   |   Istanbul
       

Canada-based Algoma Steel has announced that it will construct two new state-of-the-art electric arc furnaces to replace its existing blast furnace and basic oxygen steelmaking operations. The transformation is expected to reduce Algoma’s carbon emissions by approximately 70 percent.

Following the transformation to electric arc furnace steelmaking, the company’s plant’s annual raw steel production capacity will total approximately 3.7 million mt and include new vacuum degassing capability to expand the company’s offering of steel plate grades.

The company plans to invest approximately CDN$700 million in the transformation. Algoma stated that it anticipates a 30-month construction phase for the electric arc furnace facility, which will come online in 2024.


Most Recent Related Articles

Liberty Ostrava to increase seamless pipe output for US market

GFG creates European Works Council to improve industrial relations

Egypt’s Ezz Steel mulls acquisition and investment for growth strategy

Toker Özcan to lead Liberty's EMEA greensteel operations

ArcelorMittal to invest in Port-Cartier pellet plant in Canada