Good news via Algoma Steel

Sault Business Matters Staff
May 15, 2020

Algoma Steel Inc. has confirmed that it has inked a new iron ore pellet purchase agreement with United States Steel Corp. that will span four years.

The fresh deal will provide the Sault-based steelmaker with surety of supply of quality iron ore pellets through to the close of the 2024 shipping season.

Algoma Steel chief executive officer Michael McQuade remarked on the agreement, noting that the contract “provides Algoma Steel with a competitive iron ore supply that will sustain our business through the steel market cycle.”

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