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electric-arc-furnace
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finance62 days ago
Algoma Steel Group Reports Q1 2026 Results After Transition to Electric Arc Furnace
Algoma Steel Group completed its transition to a fully electric arc furnace operation in January 2026, ending 125 years of blast furnace steelmaking. The company reported an adjusted EBITDA loss of C$28.7 million for the first quarter and said it expects to return to profitabilit…