Tuesday, March 04, 2008

ASI on way to boosting production

Algoma Steel Inc.'s commitment to a near doubling of production will include firing up a second blast furnace.

"Work on No. 6 blast furnace is proceeding according to plan with a targeted start in late spring-early summer, depending on a number of variables," stated Brenda Stenta, ASI's manager of corporate communications, in an e-mail to The Sault Star.

The twinning of the idle No. 6 blast furnace with workhorse No. 7, the Sault Ste. Marie steelmaker's lone operational furnace, would go a long way towards achieving the corporation's expanded production targets.

New ownership, Algoma Acquisition Corp., a wholly-owned subsidiary of India's Essar Steel Holdings, that acquired ASI in a cash takeover last summer, has thrown its support behind senior management's expansion vision.

Read the full article at The Sault Star - Ontario, CA

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