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Topic: Algoma Steel


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  tScholars.com | Algoma Steel
Algoma Steel is an integrated primary steel producer located at the hub of the Great Lakes in Sault Ste.
Algoma Steel announced on August 3, 2005 that the company was no longer for sale after a $64.7 million dollar second quarter profit.
Algoma also announced a special dividend of $6.00 per share payable on August 31, 2005 to shareholders of record on August 17, 2005 and a normal course issuer bid for up to 3.3 million shares.
www.tscholars.com /encyclopedia/Algoma_Steel   (889 words)

  
  Encyclopedia article: Carbon steel   (Site not responding. Last check: 2007-10-20)
Steel with sufficient carbon compositions can be heat-treated, allowing parts to be fabricated in an easily-formable soft state then made harder for structural applications.
Steels are often wrought by cold-working (additional info and facts about cold-working) methods, which is the shaping of metal through deformation at a low equilibrium or metastable temperature.
Case hardening requires a steel with a certain level of carbon to be effective.
www.absoluteastronomy.com /encyclopedia/c/ca/carbon_steel.htm   (772 words)

  
 Algoma Steel - Wikipedia, the free encyclopedia
Algoma Steel is responsible mainly for producing plate and sheet type steel which is its main money maker along with its blanking operations and welded beams.
Algoma Steel announced on August 3, 2005 that the company was no longer for sale after a $64.7 million dollar second quarter profit.
Algoma also announced a special dividend of $6.00 per share payable on August 31, 2005 to shareholders of record on August 17, 2005 and a normal course issuer bid for up to 3.3 million shares.
www.wikipedia.org /wiki/Algoma_Steel   (356 words)

  
 Algoma Steel Inc.: No Action, Interpretive and/or Exemptive Letter of December 23, 2002
Algoma Steel seeks an exemption to the extent that the indenture allows specified dispositions of, and the related release of the indenture's lien with respect to, certain collateral that are made in Algoma Steel's ordinary course of business.
Algoma Steel will deliver to the trustee a semi-annual certificate stating that all dispositions of collateral during the relevant six-month period occurred in Algoma Steel's ordinary course of business and that all the proceeds were used as permitted by the indenture.
Algoma Steel asks the Commission to exempt from the certificate or opinion delivery requirements of Section 314(d) of the 1939 Act certain provisions of an indenture dated January 29, 2002, as supplemented by indentures dated January 29, 2002 and September 9, 2002, between Algoma Steel and Wilmington Trust Company.
www.sec.gov /divisions/corpfin/cf-noaction/algoma122302.htm   (2445 words)

  
 Canadian Steel Producers Association   (Site not responding. Last check: 2007-10-20)
Algoma Steel is IS0 9002, 14001 and QS9000 certified and recognized as an Industrial Energy Innovator — continuously improving energy efficiencies throughout the operation including the efficient use and recycling of water.
Algoma Steel is on a course of action, emerging as a customer-focused, entrepreneurial company with the courage and growing capability to meet the industry’s challenges head on.
Algoma Steel Inc. is a publicly traded company, listed under the symbol AGA on the Toronto Stock Exchange.
www.canadiansteel.ca /careersinsteel/company/algoma.htm   (267 words)

  
 NationMaster - Encyclopedia: Dofasco
Dofasco was incorporated as Dominion Steel Castings Company Limited in 1912, becoming Dominion Foundries and Steel Company in 1917.
Dofasco owned and operated a number of subsidiaries, including National Steel Car, a Hamilton-based railway freight car manufacturer, from 1962 to 1994, and Algoma Steel, from 1988 to 1991, until union and financial difficulties ultimately forced Dofasco to divest the company.
Algoma Steel Corporation was founded in 1902 by Francis Clergue, an American entrepreneur who had settled in Sault Ste.
www.nationmaster.com /encyclopedia/Dofasco   (1227 words)

  
 Algoma Steel bankruptcy background   (Site not responding. Last check: 2007-10-20)
Algoma later filed a complaint with the Canada Customs and Revenue Agency (CCRA) alleging that dumped and subsidized hot rolled sheet and strip were causing harm to Canadian industry.
In April 2001, the CCRA announced that they had determined that 99.6% of the imports of hot rolled steel sheet imports from the countries under investigation were being dumped at margins as high as 49.0% and that countervailable subsidy on imports from India had averaged approximately $63 per tonne.
In June 2001, Algoma was granted an additional extension of its protection under the CCAA and delay in the time for the filing of a Plan of Arrangement.
www.steelnews.com /companies/chapter11/algoma_steel.htm   (1120 words)

  
 Algoma Steel Inc   (Site not responding. Last check: 2007-10-20)
Algoma Steel Inc, a Canadian-owned company (employees own over 25%), has its principal steel mills and head office in SAULT STE MARIE, Ontario.
Algoma Steel receives its ore from WAWA, Ontario, and from the US.
In 1996 Algoma produced 2.4 million tons of steel and had sales of $1.2 billion and the company employed about 5000 people.
www.canadianencyclopedia.ca /index.cfm?PgNm=TCE&Params=A1ARTA0000139   (76 words)

  
 Algoma Steel Inc   (Site not responding. Last check: 2007-10-20)
Algoma Steel Inc, a Canadian-owned company (employees own over 25%), has its principal steel mills and head office in SAULT STE MARIE, Ontario.
Algoma Steel receives its ore from WAWA, Ontario, and from the US.
In 1996 Algoma produced 2.4 million tons of steel and had sales of $1.2 billion and the company employed about 5000 people.
thecanadianencyclopedia.com /index.cfm?PgNm=TCE&Params=A1ARTA0000139   (76 words)

  
 James Hamet Dunn - Wikipedia, the free encyclopedia
Algoma Steel went through years of ups and downs, marked by a lack of strong leadership, and in 1935 the company was again forced into receivership.
As Algoma Steel's president and Chairman of its board of directors, he successfully turned it into one of the largest steel mills of the day and for more than twenty years guided the fortunes of the company he had made into one of the most profitable producers in Canada.
In 1944, Dunn was invited to serve on the board of directors of Canada Steamship Lines (CSL), whose ore carriers were an important transporter of ore and coal for the Algoma Steel plant which operated under a geographical disadvantage to its more southerly competitors.
www.wikipedia.org /wiki/James_H._Dunn   (1902 words)

  
 steel mill   (Site not responding. Last check: 2007-10-20)
Steel in general is an alloy of iron and carbon, often with an admixture of other elements.
Steel is marketed in a wide variety of sizes and shapes, such as rods, pipes, railroad rails, tees, channels, and I-beams.
A slab of hot steel over 11 cm (about 4.5 in) thick is fed through a series of rollers which reduce it progressively in thickness to 0.127 cm (0.05 in) and increase its length from 4 m (13 ft) to 370 m (1210 ft).
www.geo.msu.edu /geo333/steel_mill.html   (2338 words)

  
 globeandmail.com : globeinvestor.com : Algoma Steel profit nearly doubles in 3rd quarter
TORONTO (Reuters) - Algoma Steel reported a sharply higher third-quarter profit on Wednesday as it said steel shipments and revenue per ton both rose from the year-before period.
Algoma said its total steel shipments during the quarter rose to 622,000 tons from 588,000 tons shipped in the year-before quarter.
Algoma also said it intends to file with the Toronto Stock Exchange to make a normal course issuer bid, under which it can buy back up to 3.2 million common shares, or about 10 percent of the public float.
www.globeinvestor.com /servlet/story/ROC.20061101.2006-11-01T225041Z_01_WNA4122_RTRIDST_0_BUSINESS-MINERALS-ALGOMA-EARNS-COL/GIStory   (347 words)

  
 Algoma Steel - Definition, explanation
Algoma Steel is responsible mainly for producing Plate and Sheet type steel which is its main money maker along with its Blanking operations and Welded Beams.
Algoma withdrew from the joint venture with Stelco primarily because of the significant risk in running two companies of such large size.
Algoma Steel is continuing strong operations since emerging from bankruptcy protection and achieved $343.8 million in cash surplus in 2004 alone including a $122.2 million dollar fourth quarter.
www.calsky.com /lexikon/en/txt/a/al/algoma_steel.php   (473 words)

  
 Army Technology - Algoma Steel - Steel Armor Plate   (Site not responding. Last check: 2007-10-20)
Algoma’s armor plate is used in ballistic and blast protection applications, such as tanks, trucks, personnel carriers, and other vehicles.
Algoma Steel is one of North America's leading producers of steel plate, including armor, carbon, alloy and welded plate shapes.
Algoma's in-plant heat-treating facility produces a wide range of normalized and quench and tempered steel plates required for high-strength, abrasion-resistant and / or military applications.
www.army-technology.com /contractors/armoured/algoma   (421 words)

  
 Canada - Algoma Steel ventures into wind power, 15.02.2006 | www.windfair.net news
Algoma Steel Inc., one of the heaviest users of electric power in northern Ontario, has formed a joint venture to build a wind tower manufacturing facility next to its steelworks in Sault Ste.
Algoma announced it is in partnership with Schaaf Industrie AG, a German company that plans to produce 180 wind towers a year in the Sault, with a staff of 140 people.
Steel is in "a period of substantial uncertainty with respect to the cost of iron, energy and the price of steel products," he said in a conference call with analysts.
www.windfair.net /press/2319.html   (282 words)

  
 Business Wire: Algoma Steel Inc. Reports Financial Results for... @ HighBeam Research   (Site not responding. Last check: 2007-10-20)
Algoma Steel Inc. (TSX:AGA) today reported net income in the post-restructuring period of February to December, 2002 of $42.5 million (basic earnings per share of $1.89 per common share or $1.42 per common share fully diluted) and a net loss of $3.3 million for the fourth quarter ended December 31, 2002.
Steel shipments of 464,000 tons were up 4% over 445,000 tons for the same quarter of 2001 in spite of the October maintenance period.
Steel shipments decreased 88,000 tons or 16% from 552,000 tons in the third quarter 2002 due to seasonal factors and the October maintenance period.
static.highbeam.com /b/businesswire/february072003/algomasteelincreportsfinancialresultsforthefourthq/index.html   (4665 words)

  
 CISC-ICCA :: Supply of W-Shapes - Letter #1
Algoma Steel Inc. recently announced a decision to close, by the end of 1999, their Shapes Mill - the mill that produces W shapes (frequently called wide flange shapes).
Algoma Steel has indicated, however, that they will continue to produce steel plate, welded wide flange shapes produced from steel plate, and steel sheet which is used in the production of hollow structural sections.
Algoma Steel has been an important supplier of W shapes for the Canadian market for 38 years, and the CISC regrets that, by the end of this year, Algoma Steel will no longer be producing W shapes.
www.cisc-icca.ca /resources/tech/supply/wshapes1   (585 words)

  
 The Algoma Steel Company Limited
Algoma Steel gained the distinction of producing the first steel in Ontario and rolling the first rails in Canada.
Algoma only partially fulfilled its contractual obligations to the Dominion Government in 1902 due to a lack of rails but this did not deter the Company from accepting additional orders from Mackenzie, Mann and Company and the Michigan Central Railroad.
Unfortunately for Algoma Steel and especially for Clergue, Parliament did not pass legislation respecting the imposition of a tariff until the end of 1903 and ratified by Order in Council until 1904.
www.cityssm.on.ca /library/clergue/steel.htm   (1629 words)

  
 CTV.ca | Algoma Steel forges restructuring plan: job cuts, shareholders get nothing
TORONTO - Algoma Steel's shareholders would be left with nothing and an undetermined number of the troubled steelmaker's 3,900 employees would be laid off under a restructuring plan, unveiled Wednesday, that aims to cut company costs by $150 million a year.
Algoma's proposal is similar to the revival plan unveiled in the early 1990s for its predecessor, Algoma Steel Corp. Ltd.
Algoma's plan to restructure retiree benefits would reduce projected pension plan costs by about $20 million a year from 2002 through 2006, the company said.
www.ctv.ca /servlet/ArticleNews/story/CTVNews/1025063334644_20472534   (1014 words)

  
 Algoma Central Railway - Education - Information - Educational Resources - Encyclopedia - Music
The Algoma Central Railway was initially owned by Francis H. Clergue, who required a railway to haul resources from the interior of the Algoma District to Clergue's industries in Sault Ste.
Marie; specifically, to transport logs to his pulp mill and iron ore from the Helen Mine near Wawa to a proposed steel mill (which was later named Algoma Steel).
In 1998, Algoma Steel closed its iron ore mine in Wawa, and the branch line between Michipicoten Harbour and Hawk Junction was abandoned.
www.music.us /education/A/Algoma-Central-Railway.htm   (850 words)

  
 Bill Cara: Algoma Steel query, Thur., April 21, 2005, 8:50 AM   (Site not responding. Last check: 2007-10-20)
Bill Cara: Algoma Steel query, Thur., April 21, 2005, 8:50 AM Algoma Steel query, Thur., April 21, 2005, 8:50 AM Last evening I received this mail from a Canadian reader: "Hi, I was reading your blog comments about Algoma Steel and Stelco.
Subsequently, last Christmas each Algoma Steel worker that was affected received a cash bonus of $17,000 as profit sharing, given that the corporation had a successful year.
Financial institutions that were observant and well connected, and hence aware of the re-organization process, purchased Algoma Steel bonds for a few pennies on the dollar and converted them to new shares, thereby gaining a windfall.
www.billcara.com /archives/2005/04/algoma_steel_qu.html   (1162 words)

  
 Algoma Steel announces pension prepayments of $85 million
MARIE, ON, Dec. 28 /PRNewswire-FirstCall/ -- Algoma Steel Inc. announced today that it made contributions totaling $85 million to its pension plans in December in order to reduce 2006 cash income taxes, improve the funded position of the plans and generate higher returns on the pension plans' assets as compared to cash balances.
Algoma Steel Inc. is an integrated steel producer based in Sault Ste.
The views expressed in the articles are not necessarily those of earthtimes.org and we accept no responsibility for the views or opinions expressed in the articles either direct or indirect.
www.earthtimes.org /articles/show/news_press_release,39015.shtml   (337 words)

  
 10-99 E-Commerce: Buying steel with the click of a mouse   (Site not responding. Last check: 2007-10-20)
Steel companies, service centers, and their customers are grappling with how to take advantage of electronic commerce conducted through the Internet.
Algoma Steel and other steelmakers are working on their own initiatives.
Steel companies and their customers "are not going to move at the same speed that pure Internet companies [such as amazon.com] were able to develop their distribution systems," he adds.
www.newsteel.com /features/NS9910f2.htm   (2096 words)

  
 SIMA - Hot-rolled Carbon Steel Plate   (Site not responding. Last check: 2007-10-20)
Algoma Steel Inc. of Sault Ste Marie, Ontario, and Stelco Inc. of Hamilton, Ontario, have filed a complaint concerning imports of certain hot-rolled carbon steel plate originating in or exported from Brazil, Finland, India, Indonesia, Thailand and the Ukraine.
Steel plate is made by hot-rolling from either semi-finished slabs or directly from ingots into rectangular shapes or coils.
Subject hot-rolled carbon steel plate can be used in a number of applications, the most common being in the production of rail cars, oil and gas storage tanks, heavy construction machinery, agricultural equipment, bridges, industrial buildings, high rise office towers, automobiles and truck parts, and shipbuilding and repairs (including pressure vessels).
www.cbsa-asfc.gc.ca /sima/anti-dumping/ad1228i-e.html   (4688 words)

  
 CBC News - Algoma Steel in bankruptcy protection   (Site not responding. Last check: 2007-10-20)
Algoma Steel Inc. has filed for bankruptcy protection as it restructures its debts, the company said Monday.
Canada's third-largest steel maker behind Stelco and Dofasco, Algoma is a major contributor to the economic health of Sault Ste.
"Steel markets are improving and are expected to improve further through 2001 due to lower import levels, a reduction in North American steel capacity, the substantial completion of inventory reductions by customers and a general improvement in the economy in the second half as lower interest rates take effect," the company said.
cbc.ca /cgi-bin/templates/view.cgi?/news/2001/04/23/algomastee_010423   (653 words)

  
 Algoma Steel Inc. - History
Algoma Steel grew into a dynamic force, earning its rightful place as one of North America's giant steel-producing complexes.
The new Algoma Steel Inc. was born with the signing of a Joint Restructuring Process Agreement in April of 1992.
From its past history of adversities, successes and tradition of determination, Algoma Steel has evolved into a company on a course of action, emerging as an entrepreneurial organization with the skills, expertise and growing capability to meet future challenges head on.
69.90.58.165 /company/history   (370 words)

  
 Algoma Steel to Change Auditors   (Site not responding. Last check: 2007-10-20)
March 3, 2005 —; Algoma Steel Inc. will propose the appointment of KPMG LLP as the company's Auditors for the year ending December 31, 2005.
Algoma’s Board of Directors has appointed KPMG LLP as the company's Auditors on an interim basis to fill the vacancy until the Annual and Special Meeting of Algoma's shareholders.
At the Annual and Special Meeting of Shareholders to be held on May 11, 2005, Algoma shareholders will be asked to approve the appointment of KPMG LLP as the new Auditors.
www.steelnews.com /05/mar/m11.htm   (230 words)

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