Algoma Steel Inc. Casting First Heat on Direct Strip Production Complex.SAULT STE. MARIE Sault Sainte Marie — pronounced "Soo Saint Marie" (IPA /su seɪnt məˈɹi/) — is the name of two cities on the Saint Marys River, which forms part of the boundary between the United States and Canada. , ONTARIO--(BUSINESS WIRE)--Aug. 25, 1997--Algoma Steel Inc. (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). ALG ALG antilymphocyte globulin. ALG antilymphocyte globulin. ALG Antilymphocyte globulin, see there ., NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on ALGSF.) Algoma Steel Inc. today announced that on August 23rd, it achieved an important milestone in the commissioning of its Direct Strip Production Complex by successfully casting the first heat on the new complex. The Company expects to roll the first coil in the next six to seven weeks. Algoma plans to have the complex in full commercial production by mid-1998. The Direct Strip Production Complex is a new state-of-the-art facility supplied by Danieli, Italy, consisting of a thin slab caster and hot strip mill. The facility has an annual capacity of 2.2 million tons. Algoma's plans are for annual production of approximately 1.6 million tons of hot rolled coil from the complex commencing in mid-1998. Algoma Steel Inc., based in Sault Ste. Marie, Ontario For the city of Sault Ste. Marie in Michigan, or the Canadian federal and provincial electoral districts of the same name, see: Sault Ste. Marie. Sault Ste. Marie (nicknamed "the Sault" or "the Soo") is a city on the St. Marys River in Ontario, Canada. , is Canada's third largest integrated steel producer. Revenues are derived primarily from the manufacture and sale of rolled steel products, including hot and cold rolled sheet, plate, seamless tubular products and structural products. CONTACT: Algoma Steel Inc. Bob Wilding, 705/ 945-2209 |
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