Algoma Steel Inc. No. 7 Blast Furnace.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)--Nov. 1, 1999-- (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) (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 .) Algoma Steel Inc. announced today that its No. 7 Blast Furnace has been down for repairs since Thursday, October 28th. The repairs are a result of a mechanical failure of the furnace material charging equipment. The Blast Furnace is expected to resume operations on Thursday, November 4th. The No. 7 Blast Furnace is the Company's sole source of iron. As a result, the Company's steelmaking operations and the Direct Strip Production Complex have also been rendered inactive pending the resumption of Blast Furnace operations. The Company's insurance is expected to cover a significant portion of the repair costs and business interruption arising out of this incident. Algoma Steel, 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 and plate. |
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