Algoma steel awards contract to ge to provide gas turbines to support power requirements of electric arc steelmaking transition

Sault ste. marie, ontario, jan. 27, 2022 (globe newswire) -- algoma steel group inc. (nasdaq: astl; tsx: astl) (“algoma steel” or “the company”), a leading canadian producer of hot and cold rolled steel sheet and plate products, today announced that it has awarded ge gas power (nyse: ge) a contract for an upgrade to the company's natural gas combined cycle power plant, including the installation of two gas turbine packages. the upgrade is expected to supply algoma steel with sufficient internal generation capability to power phase one of its transition to electric arc furnace (“eaf”) steelmaking.
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