Blast furnace

Cleveland-Cliffs Selected to Receive $575 Million in US Department of Energy Investments for Two Projects to Accelerate Industrial Decarbonization Technologies

Retrieved on: 
Monday, March 25, 2024
Manufacturing, White House, Federal Government, Mining, Minerals, Natural Resources, Green Technology, Steel, Public Policy, Government, Environment, Machinery, Machine Tools, Metalworking & Metallurgy, Sustainability, Blast furnace, Ministry of Energy, COVID, Natural gas, United Auto Workers, Partnership, GHG, International Association, Public expenditure, Carbon, IAM, Joe Biden, USW, Plant, Hatch, Cleveland-Cliffs, Workforce, UAW, Primary energy, DRI, DOE, Inflation, Hand, Iron, EMF, Renewable energy

This federal funding is being made available through DOE’s Industrial Demonstrations Program funded through the Infrastructure Investment and Jobs Act and the Inflation Reduction Act.

Key Points: 
  • This federal funding is being made available through DOE’s Industrial Demonstrations Program funded through the Infrastructure Investment and Jobs Act and the Inflation Reduction Act.
  • Middletown will maintain its existing raw steel production capacity of approximately 3 million net tons per year and will no longer use coke for iron production.
  • We are grateful for the support of the Department of Energy and their recognition of Cleveland-Cliffs’ strong leadership in steel decarbonization.
  • The Department of Energy has facilitated a perfect situation for our union workforce, our decarbonization endeavors, our communities in Ohio and Pennsylvania, and our shareholders.”
    U.S.

Algoma Resumes Normal Steel Production

Retrieved on: 
Wednesday, February 14, 2024
STE, News, TSX, ASTL, Coke, Legislation, Blast furnace, Environment

MARIE, Ontario, Feb. 14, 2024 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, today advised the repair and restart of its blast furnace is complete and steel production resumed on Sunday, February 11, 2024.

Key Points: 
  • MARIE, Ontario, Feb. 14, 2024 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, today advised the repair and restart of its blast furnace is complete and steel production resumed on Sunday, February 11, 2024.
  • Algoma has strengthened its operations while advancing essential repair work required after a structure supporting utilities piping at Algoma’s coke-making plant collapsed on January 20, 2024.
  • Algoma remains focused on completing necessary utilities corridor repairs safely and efficiently while increasing coke-making capacity and rebuilding inventory levels.
  • The Company will continue to assess supplementing its coke supplies with market purchases to balance its requirement for iron production.

Algoma Addresses Casthouse Incident

Retrieved on: 
Friday, February 9, 2024
Sault Area Hospital, News, Blast furnace, TSX, Health, Safety, Legislation, Environment, ASTL, STE

MARIE, Ontario, Feb. 09, 2024 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, today advised that at approximately 10:00 pm on Wednesday, February 7 there was an incident at the north casthouse of the blast furnace complex where the Company believes slag made contact with moisture in the hot iron trough.

Key Points: 
  • MARIE, Ontario, Feb. 09, 2024 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, today advised that at approximately 10:00 pm on Wednesday, February 7 there was an incident at the north casthouse of the blast furnace complex where the Company believes slag made contact with moisture in the hot iron trough.
  • Twelve workers were impacted by the incident and five were treated at Sault Area Hospital.
  • As previously disclosed, Algoma experienced issues at the blast furnace as an unexpected consequence of an incident on Saturday, January 20 when a structure supporting utilities piping collapsed.
  • The Company continues to advance on-site repair work as well as a comprehensive investigation into the January 20 incident.

Australia’s leading iron ore producers partner with BlueScope on steel decarbonisation

Retrieved on: 
Thursday, February 8, 2024
Manufacturing, Environment, Steel, Machine Tools, Metalworking & Metallurgy, Sustainability, Direct reduced iron, Blast furnace, Workforce, Carbon, BlueScope, Partnership, WAIO, BHP, Iron, Rio Tinto, Coal, Multimedia, DRI, CO2, ESF, Research, BOS, Iron ore

If successful, it could help open a potential pathway to near-zero greenhouse gas emission-intensity operations for steelmakers that rely on Australian iron ore to meet global steel demand.

Key Points: 
  • If successful, it could help open a potential pathway to near-zero greenhouse gas emission-intensity operations for steelmakers that rely on Australian iron ore to meet global steel demand.
  • Rio Tinto Iron Ore Chief Executive Simon Trott said: “The carbon intensity of iron and steelmaking requires profound change to meet the needs of our planet and our climate objectives.
  • Iron ore is first converted to direct reduced iron (DRI) before being charged into the ESF.
  • Other lower CO2 emission-intensity production routes, such as electric arc furnaces, require scrap steel and DRI produced from high grade iron ores.

Algoma Steel Group Reports Fiscal Third Quarter 2024 Financial Results

Retrieved on: 
Tuesday, February 6, 2024
EDGAR, Nature, EDT, Calendar, Natural gas, Legislation, International, News, Steel, Algoma Steel, Carbon, Adjustment, UAW, Alloy, TSX, Hand, EAF, Coke, Blast furnace, STE, Bank statement, Webcast, Insurance, ASTL, Earnout, Conference

SAULT STE. MARIE, Ontario, Feb. 06, 2024 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, today announced results for its fiscal third quarter ended December 31, 2023.

Key Points: 
  • MARIE, Ontario, Feb. 06, 2024 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, today announced results for its fiscal third quarter ended December 31, 2023.
  • As compared with the prior year quarter, steel revenue was $556.9 million, compared to $512.0 million, and revenue per ton of steel sold was $1,192, compared to $1,239.
  • Net loss in the third quarter was $84.8 million, compared to a loss of $69.8 million in the prior-year quarter.
  • We compensate for these limitations by relying primarily on our IFRS results using such measures only as supplements to such results.

Algoma Steel Provides Update on Incident at Coke-Making Plant

Retrieved on: 
Tuesday, January 23, 2024
ASTL, Legislation, Blast furnace, Insurance, STE, Work, Environment, Coke, TSX, EAF, Safety, The Blast Furnace, Engineering, News

MARIE, Ontario, Jan. 23, 2024 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, today provided an update further to the incident on Saturday, January 20 at its coke-making plant when a structure supporting utilities piping collapsed.

Key Points: 
  • MARIE, Ontario, Jan. 23, 2024 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, today provided an update further to the incident on Saturday, January 20 at its coke-making plant when a structure supporting utilities piping collapsed.
  • As a result, Algoma currently believes that there is a low risk of impact to the adjacent waterway.
  • A repair plan for the coke-making plant is being developed with third party engineering support in accordance with Algoma's Environmental Compliance Approval.
  • At the time of the coke-making incident, for safety reasons Blast Furnace operations were temporarily suspended while the site was secured.

Cleveland-Cliffs Completes Successful Blast Furnace Hydrogen Injection Trial at Indiana Harbor #7 Blast Furnace

Retrieved on: 
Friday, January 26, 2024
Environment, Steel, Automotive Manufacturing, Manufacturing, Sustainability, Machinery, Mining, Minerals, Machine Tools, Metalworking & Metallurgy, Natural Resources, Blast furnace, Hydrogen, Cleveland-Cliffs, Linde, GHG, HBI, Iron

Cleveland-Cliffs Inc. (NYSE: CLF) announced today that it has successfully completed a hydrogen (H2) injection trial at its Indiana Harbor #7 blast furnace, the largest blast furnace in North America.

Key Points: 
  • Cleveland-Cliffs Inc. (NYSE: CLF) announced today that it has successfully completed a hydrogen (H2) injection trial at its Indiana Harbor #7 blast furnace, the largest blast furnace in North America.
  • This represents the second Cleveland-Cliffs blast furnace to utilize hydrogen as a reductant and fuel source, following the successful trial at Middletown Works in May of 2023.
  • Indiana Harbor #7 is among the largest blast furnaces in the entire world, both in size and production capacity.
  • Cliffs recently completed the commissioning of the hydrogen pipeline at Indiana Harbor, which was used for this trial.

Simandou iron ore project update

Retrieved on: 
Tuesday, December 5, 2023
Mining, Minerals, Natural Resources, Iron, Element, Rio Tinto, Block, Resource, Mineral Resources Limited, TSV, Government, Fe, China Harbour Engineering Company, S&P/ASX 300, IRR, CRU, Rio Tinto (corporation), Tinto, ASX, China Hongqiao Group, Partnership, Competent person, Silicon dioxide, Life, Blast furnace, WCS, Metallurgy, CTG, Competence, Mineral resource classification, Republic, Iron ore, Rail transport, Oil, Simandou, Mineral

Rio Tinto will provide an update today at its Investor Seminar on the world class Simandou iron ore project in Guinea, which is being progressed in partnership with CIOH, a Chinalco-led consortium, Winning Consortium Simandou1 (WCS), Baowu and the Republic of Guinea.

Key Points: 
  • Rio Tinto will provide an update today at its Investor Seminar on the world class Simandou iron ore project in Guinea, which is being progressed in partnership with CIOH, a Chinalco-led consortium, Winning Consortium Simandou1 (WCS), Baowu and the Republic of Guinea.
  • Simandou is the world’s largest untapped high-grade iron ore deposit.
  • 3 Refer to “Simandou Mineral Resources and Ore Reserves” section at page 4 below.
  • Based on Wood Mackenzie and CRU average pricing for iron ore (65% grade), with a premium applied for DR product.

Sopheon CEO Greg Coticchia Honored as C-Suite Leader

Retrieved on: 
Thursday, November 9, 2023
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PITTSBURGH, Nov. 09, 2023 (GLOBE NEWSWIRE) -- Sopheon , the InnovationOps software company, today announced that the Pittsburgh Business Times has named CEO Greg Coticchia one of its C-Suite Award recipients.

Key Points: 
  • PITTSBURGH, Nov. 09, 2023 (GLOBE NEWSWIRE) -- Sopheon , the InnovationOps software company, today announced that the Pittsburgh Business Times has named CEO Greg Coticchia one of its C-Suite Award recipients.
  • Coticchia has led Sopheon through a significant company-wide transformation in just over two years.
  • Coticchia led the charge to shift Sopheon’s corporate mindset from solely an enterprise software and services leader to a well-rounded, cloud-native, product-led company.
  • Coticchia also innovated the Sopheon go-to-market philosophy by launching a product-led growth (PLG) initiative, combining it with existing sales-led growth (SLG) initiatives for a modern hybrid approach.

Algoma Steel Group Reports Fiscal Second Quarter 2024 Financial Results

Retrieved on: 
Thursday, November 2, 2023
Adjustment, Ontario government debt, Strategic Innovation Fund, International Accounting Standards Board, EDT, International, Earnout, EDGAR, Algoma Steel, EBITDA, Legislation, News, Carbon, Conference, Maintenance, UAW, Bank statement, Nature, ASTL, EAF, Webcast, Corporation, Hand, Steel, MSCI EAFE, Calendar, TSX, STE, Blast furnace, Video game, Holding company, Audit, Counsel

SAULT STE. MARIE, Ontario, Nov. 02, 2023 (GLOBE NEWSWIRE) --  (November 2, 2023) – Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, today announced results for its fiscal second quarter ended September 30, 2023.

Key Points: 
  • MARIE, Ontario, Nov. 02, 2023 (GLOBE NEWSWIRE) --  (November 2, 2023) – Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, today announced results for its fiscal second quarter ended September 30, 2023.
  • Michael Garcia, the Company’s Chief Executive Officer, commented, “We delivered results in the fiscal second quarter that were in line with our previously disclosed outlook.
  • Net income in the second quarter was $31.1 million, compared to net income of $87.2 million in the prior-year quarter.
  • Upon dialing in, please request to join the Algoma Steel Second Quarter Conference Call.