Algoma Steel: "Ready to Tackle the Market"

Canada’s Algoma Steel Inc. has finally fully emerged from Companies’ Creditors Arrangement Act (CCAA) protection after three long years. The company announced on Friday that it had successfully acquired all the remaining assets of Essar Steel Algoma and is ready to tackle the market as a financially stable entity.

“When we take a look around at the domestic and international steel markets, what we see is a lot of room for growth for Algoma Steel,” says Kalyan Ghosh, Chief Executive Officer of Algoma Steel. “We have a long and proud history in Canada, manufacturing 100 percent of our products right here in Sault Ste. Marie. Today, Algoma Steel is an independent and strong niche player, manufacturing a comprehensive mix of hot and cold rolled steel sheet and plate products not just for the Canadian markets, but also beyond.”