Steel Mills
January 4, 2018
Algoma Pushes to Complete Restructuring
Written by Sandy Williams
Operational problems this past fall impacted Algoma Steel earnings and the mill’s winter build-up of raw materials, according to the latest report from CCAA bankruptcy monitor Brian Denega.
Delays on a stove rebuild project along with an unplanned shutdown of the blast furnace at the end of November affected Algoma’s production and shipments. The rebuild was not completed until mid-December, and a problem with the cooling system allowed water to get into the furnace in November resulting in the shutdown.
