Algoma Steel Inc.

Algoma Steel Inc. is a Canadian manufacturing company, founded in 1901, that focuses on producing hot and cold rolled steel sheet and plate products. The company's mission revolves around building better lives and a greener future through the power of steel. They emphasize working closely with their customers to improve various aspects of life, from construction to energy and defense. As a key steel supplier in North America, Algoma is the only producer of plate steel products in Canada, providing a secure steel supply to the region. In March 2024, Algoma secured a $350.00M post-IPO debt investment, marking a significant milestone for the company. This investment will likely support Algoma's ongoing transformational journey, including the modernization of their plate mill and the adoption of electric arc technology, aimed at significantly reducing carbon emissions. Algoma's commitment to environmental stewardship and sustainability aligns with the growing demand for green steel in the market. With a strong emphasis on community involvement and employee well-being, Algoma aims to become one of North America's leading producers of green steel, delivering value to all stakeholders.