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Algoma Steel Inc. (formerly The Algoma Steel Corporation, Limited; Essar Steel Algoma) is an integrated primary steel producer located on the St. Marys River in Sault Ste. Marie, Ontario, Canada. Algoma Steel was founded in 1901 by Francis Clergue , an American entrepreneur who had settled in Sault Ste. Marie.
Dofasco owned and operated a number of subsidiaries, including National Steel Car, a Hamilton-based railway freight car manufacturer, from 1962 to 1994, and Algoma Steel, from 1988 to 1991, until union and financial difficulties ultimately forced Dofasco to divest the company. [citation needed] In 1990, the world economy entered into recession.
Founder of St. Mary's Paper, Algoma Steel, and the Algoma Central Railway Francis Hector Clergue (August 28, 1856 – January 19, 1939) was an American businessman who became the leading industrialist of Sault Ste. Marie , Ontario , Canada, at the turn of the 20th century.
SAULT STE. MARIE, Ontario, Jan. 02, 2025 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, today provided guidance for its quarter ended December 31, 2024.
Under this program, Algoma has applied for, and expects to receive, reimbursement for carbon taxes paid since 2022, driving down the net cash costs of the EAF project. We remain on target to achieve steel production at the first EAF by the end of the first quarter 2025, positioning us among North America’s greenest steel producers as we seek ...
SAULT STE. MARIE, Ontario, Aug. 12, 2024 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, today announced the publication of its second annual Environmental, Social, and Governance (“ESG”) report (the “Report”).
In 1951, Sir James Dunn, the owner of Algoma Steel, gained effective control over the company. CSL saw operations increase exponentially in the late 1950s with the opening of the expanded Saint Lawrence Seaway and the timely discovery and exploitation of some of the world's largest iron ore deposits on the Labrador Peninsula in Labrador City, Schefferville, and Mont Wright.
The engine has been in the Rabas family since 1927, once working as a thresher and racing in steam rodeos. It's 22 feet long and weighs 32,000 pounds.