News & Insights

A Stronger, More Sustainable, Canadian Steel Company – and we’re hiring SAULT STE. MARIE, Ont. — Algoma Steel…

Essar Steel Algoma Inc. (doing business as Algoma) announced today that it has released its financial results of operations for the fiscal year ended March 31, 2018 and for the six-months ended September 30, 2018. The financial statements for these periods can be found on the website of the Monitor appointed by the Ontario Superior Court of Justice (Commercial List) pursuant to the Companies’ Creditors Arrangement Act(the “CCAA”), at www.ey.com/ca/essaralgoma.

Essar Steel Algoma Inc. (doing business as Algoma) announced today that an agreement in principle has been reached regarding the Port. Justice Hainey stated the Asset Purchase Agreement should be approved and commended the parties on reaching an Agreement in principle, noting that the Sale Transaction will be in the best interests of Algoma and its stakeholders.

Algoma announced today that just four months after its acquisition of its neighbouring combined heat and power plant (formerly Lake Superior Power Plant), the idled facility is back online supplying power to Algoma’s power grid. August 1st, 2018 marked its first day of production, generating 32 MW of power just in time to meet summer’s peak power requirements.

Algoma announced today that it has augmented its power generating.

Algoma invites the public to attend an Environmental Community Open House to obtain information and ask questions about Algoma’s environmental program and Site Specific Standards for particulate matter, benzene and benzo (a) pyrene.

Algoma is hosting an information session about our Graduate Engineer Trainee Program for engineering students who wish to pursue their professional engineering designation.

Essar Steel Algoma Inc., doing business as ‘Algoma’, is currently recruiting for 63 production positions. Advertised on the company’s website today, these roles range from general labour duties, to the receipt of raw materials and shipment of product, to production operations.

A company with inseparable ties to Sault Ste. Marie and a rich, century old steelmaking tradition is returning to its roots. After a decade known as Essar Steel Algoma, the historic steel manufacturer has launched its new brand: Algoma.

Essar Steel Algoma Inc. (“Essar Steel Algoma” or the “Company”) obtained an Order on March 30, 2017 from the Ontario Superior Court of Justice (Commercial List) extending the stay of proceedings under the Companies’ Creditors Arrangement Act (“CCAA”) to April 30, 2017. The lenders under the Company’s existing debtor-in-possession financing facility (the “DIP”) have also consented to an extension of the scheduled maturity of the DIP to April 30, 2017.