EAF investment of Canada’s Algoma Steel to be supported by new energy project

Tuesday, 03 September 2024 15:13:05 (GMT+3)   |   Istanbul

Canada-based steelmaker Algoma Steel has announced that local energy companies PUC Services and Hydro One have received approval from the Ontario Energy Board to construct a new 230kV transmission line and transformer station in the city of Sault Ste. Marie, which will support Algoma’s decarbonization efforts in its steelmaking activities at its Sault Ste. Marie steel plate mill, under which the blast furnaces will be replaced with electric arc furnaces (EAF).

According to PUC Services, the new line and station will support the load of about 280 MW from the Canadian producers’ two new EAFs due to be constructed. Moreover, the construction of the new transmission line is expected to begin in 2025, with completion scheduled for 2027.

Algoma’s $825 million EAF project is forecast to reduce its carbon emissions by 70 percent, which is equal to taking one million cars off the road, further strengthening its position in the North American steel sector.

Michael Garcia, president and CEO of the Canadian steelmaker, stated that the new transmission line will pave the way for green steel production in Ontario and that it will contribute to the sustainable economic growth in the region.


Similar articles

Algoma Steel produces first steel using new EAF, launches low-carbon brand

11 Jul | Steel News

Steel sector PMI in Hebei rises to 51.6 percent in March 2026

02 Apr | Steel News

India’s NMDC Limited sees iron ore output rise by 51% in March 2026

02 Apr | Steel News

India’s RINL sees 51 percent rise in crude steel output in FY 2025-26

02 Apr | Steel News

Shagang Group raises local HRC price by $14.5/mt for April 2026

02 Apr | Flats and Slab

Canadian iron ore production down 8.6 percent in January 2026 from December

02 Apr | Steel News

India’s LMEL sees 120% rise in iron ore output in FY 2025-26

02 Apr | Steel News

Shagang Group keeps local steel plate price stable for April 2026

02 Apr | Flats and Slab

Shagang Group keeps local rebar price stable for early April 2026

02 Apr | Longs and Billet

USWC docks containerized ferrous prices stable as bulk drops $10/gt

01 Apr | Scrap & Raw Materials