Algoma Steel Group Inc

NASDAQ:ASTL   3:59:50 PM EDT
10.35
+0.57 (+5.83%)
Products, Expansion, Other Pre-Announcement

Algoma Steel Announces Final Investment Decision For Electric Arc Steelmaking

Published: 11/11/2021 12:36 GMT
Algoma Steel Group Inc (ASTL) - Algoma Steel Announces Final Investment Decision for Electric Arc Steelmaking.
Algoma Steel - Board Authorized Co to Construct Two New Electric-arc-furnaces to Replace Existing Blast Furnace, Basic Oxygen Steelmaking Operations.
Algoma Steel Group - Transformation is Expected to Reduce Algoma's Carbon Emissions by Approximately 70%.
Algoma Steel Group - Following Transformation, Facility is Anticipated to Have Annual Raw Steel Production Capacity of About 3.7 Million Tons.
Algoma Steel Group Inc - Plans to Invest Approximately Cdn$700 Million in Eaf Transformation.