Steel industry thrilled with Algoma Steel announcement
A steel producers’ association is ecstatic that Algoma Steel receiving hundreds of million of dollars from the federal government.
The head of the Canadian Steel Producers Association couldn’t contain her excitement about Algoma Steel in the Sault taking a major step in going green.
“Every individual steel company is looking at what they can do," said Catherine Cobden, president and CEO of the Canadian Steel Producers Association.
“Members in our organization announced a net zero call-to-action plan. It’s an aspirational goal and we do take the issue of climate change seriously.”
Algoma Steel is moving away from traditional steelmaking to what’s called electric arc furnace steelmaking (EAF).
“Algoma is taking coal out of the equation and instead is putting in recycled steel as a component of the steelmaking process,” said Cobden.
“It basically uses the electricity system and since Canada has such a green electrical grid, it really helps in the greening up of this opportunity.”
Cobden said the country’s steel sector wants to support Canada’s customer base the best it can.
“As a key supplier in a vast array of sectors, we want to be the green supplier of choice," she said. "We want the market to look at Canadian steel and say we are assured that this comes from the greenest possible production facilities in the world.”
Cobden added that China, Indonesia and many other countries do not develop steel with the same green credentials as in Canada.
CTVNews.ca Top Stories
Asking rent prices up 9.3% across Canada, Ontario sees only decline: report
A new report says the average asking rent for a home in Canada in April was up 9.3 per cent compared with a year ago, while a slight month-over-month increase was also recorded for the first time since January.
What is basic income, and how would it impact me?
Parliamentarians are considering a pair of bills aiming to lift people out of poverty through a basic income program, but some fear these types of systems could result in more taxes for Canadians who are already financially struggling.
'I may have some nightmares:' Man survives being bitten by 2 sharks in Bahamas
A man who was bitten by two sharks in the Bahamas said Thursday he's 'thankful that I'm here' while sharing his story of survival.
Magnitude 4.2 earthquake reported off Vancouver Island's west coast
A 4.2-magnitude earthquake was recorded west of Vancouver Island early Friday morning.
Mexico's president accuses press and volunteer searchers for missing people of 'necrophilia'
The administration of Mexico's president has accused the press and volunteer searchers who look for the bodies of missing people of 'necrophilia,' comments that drew criticism this week.
WATCH Expecting an interest rate cut in June? Don't bet on it after new jobs data
Canada's labour market rebounded in April, adding more than 90,000 jobs, a staggering number of new positions after four consecutive months of little change.
Out-of-control wildfire burning near Fort McMurray
As of 9 a.m. on Friday, the wildfire burning 28 kilometres southwest of the northeastern Alberta city was 25 hectares in size.
Prince William says wife Kate is 'doing well'
Prince William said on Friday his wife Kate was 'doing well' in a rare public comment about the Princess of Wales as she undergoes preventative chemotherapy for cancer.
'Irate male' assaulted Newfoundland officers with block of cheese, police say
Police in Newfoundland say patrol officers were assaulted Thursday by a "very irate male" wielding a block of cheese.