20240715algomasteelceomichaelgarciaka05 Algoma Steel is seeking potential buyers for their electric arc furnace dust

Algoma Steel is seeking potential buyers for their electric arc furnace dust

Algoma Steel Group Inc. is facing a unique challenge as it prepares to commission its new electric arc furnaces (EAF) by the end of the year. The company is seeking buyers for environmentally hazardous dust that will be produced during the steelmaking process, which contains heavy-metal oxides including lead, zinc, cadmium, manganese and chromium.

CEO Michael Garcia addressed the concerns during a Sault Ste. Marie council meeting, emphasizing the need to handle the dust appropriately due to regulations governing its disposal. However, Garcia pointed out that the dust could hold value for companies capable of extracting the materials present in it.

“We would look to sell that dust to a processor that can then mine the dust for economic value,” Garcia explained. “So this dust will be controlled, monitored, and handled according to specific regulations.”

While the hazardous materials pose a challenge, Algoma Steel’s transition to electric arc furnace steelmaking is a significant step towards reducing greenhouse gas emissions. The $825 million to $875 million project aims to cut emissions by up to 70%, positioning the company as one of the leading producers of green steel in North America.

Despite the complexities surrounding the management of the hazardous dust, Algoma Steel remains committed to ensuring responsible handling while exploring opportunities for economic value extraction. The company’s efforts reflect a growing emphasis on sustainability and environmental responsibility within the steelmaking industry.

Share this article
Shareable URL
Prev Post

Japan extends continental shelf to search for rare metals despite China’s resistance

Next Post

BNP PARIBAS ASSET MANAGEMENT Holding S.A. Increases Stake in Royal Gold, Inc. (NASDAQ:RGLD) by 619 Shares

Leave a Reply

Your email address will not be published. Required fields are marked *

Read next
Subscribe to our newsletter
Stay informed on the latest market trends