Steel Mills
January 12, 2015
Essar Steel Algoma Planning Capital Investments
Written by Sandy Williams
Now that Essar Steel Algoma has its liquidity problems under control, the company is embarking on a CDN $350-$400 million investment plan in its steel mill located in Canada that will span the next 5 to 7 years.
The plan includes optimizing operating capability, enhancing product quality, modernizing production lines and expanding the company’s product mix to serve new and evolving markets, says Brenda Stenta, Manager of Corporate Communications for Essar Steel Algoma. The company will also invest in energy efficiency and environmental initiatives.
