Steel Mills
May 19, 2020
U.S. Steel to Supply Algoma with Iron Ore for Next Four Years
Written by Sandy Williams
U.S. Steel announced a four-year agreement to sell a “substantial volume” of iron ore pellets to Algoma Steel in Ontario, Canada. The purchase agreement runs from 2021 through 2024 and provides a new long-term customer for U.S. Steel’s Minnesota mines.
Monday’s announcement follows an iron ore purchase agreement with Stelco in April that gives Stelco an option to purchase a 25 percent interest in U.S. Steel’s Minntac iron ore operations.
