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Algoma Steel Group Inc. Provides Update on Lake Superior Power Plant Outage

  • Algoma Steel Group resumed electric arc furnace production on August 29, 2026, following interim arrangements with the IESO after an unplanned outage at its Lake Superior Power facility.
  • Sustained steel production & shipping are currently maintained despite the affected turbine remaining unavailable.
  • The IESO is reviewing upcoming planned power system outages to minimize interruptions while ensuring grid safety & reliability.
  • The company is working with GE & other parties in parallel to repair the affected turbine & secure a replacement to restore full LSP capacity.
  • Algoma is assessing production impacts while advancing mitigation options expected to reduce potential losses.
  • The company's transition to EAF steelmaking powered by Ontario's clean grid is projected to cut carbon emissions by approximately 70% once fully implemented.
  • All steel produced via the new EAF technology is marketed under the Volta™ brand.