Algoma Steel Produces First Green Steel in Emissions Cut Shift

Algoma Steel Group has successfully produced its first steel from Unit One of its new electric arc furnace (EAF), marking a pivotal milestone in the largest industrial decarbonization project in Canada. This new EAF technology, branded under the name Volta, is expected to reduce the plant's carbon emissions by up to 70 percent by utilizing Ontario’s clean electricity grid. The $1.76 billion project replacing blast furnace operations aims to better meet customer needs with greener steel products and reflects years of planning and execution despite trade uncertainties. While the company has faced financial challenges including a net loss and tariff costs affecting its profitability, it maintains a strong balance sheet and expects operational improvements. Algoma Steel’s transformation positions it to capitalize on growing demand, including participation in the Canadian defense supply chain, while advancing sustainability in the steel industry. President and CEO Michael Garcia highlighted the milestone as a significant step towards innovation and leadership in low-carbon steel production.