Algoma Steel Group Inc is a Canadian steel producer headquartered in Sault Ste. Marie, Ontario. The company operates an integrated steelmaking complex that combines traditional blast furnace operations with secondary refining facilities. Algoma’s core activities include the manufacture of flat-rolled steel products, structural steel plate, and other specialty steel offerings tailored to key industrial sectors.
Algoma’s product portfolio encompasses hot-rolled coil, cold-rolled coil, galvanized and pre-painted steel, as well as heavy plates used in construction, energy, transportation, and machinery applications. The company provides value-added services such as pickling, temper rolling, shearing, blanking, and advanced coating treatments. These services enable Algoma to meet precise customer specifications and support downstream fabricators and manufacturers.
Founded in 1901, Algoma Steel has evolved through periods of expansion, technological modernization, and financial reorganization. After emerging from creditor protection in the early 2000s, the company was recapitalized and restructured to improve operational efficiency. Algoma Steel Group Inc completed a successful initial public offering in 2017, reestablishing itself as a publicly traded entity on the Toronto Stock Exchange under the symbol AST.
In recent years, Algoma has launched significant modernization initiatives aimed at reducing its environmental footprint and enhancing product quality. Investments include process upgrades and the development of an electric arc furnace facility. The company serves customers throughout Canada and the United States, with select exports to global markets. Algoma continues to pursue sustainability goals, including plans to achieve net-zero carbon emissions by 2050.
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