‘In the 120-plus-year history of Algoma, we are in the most exciting phase of our existence’ - Michael Garcia
Shabby steel prices are likely to improve after this week's U.S. election, says Michael Garcia, president and chief executive officer of Algoma Steel.
The Algoma Steel boss said demand and pricing of the North American steel market was depressed during the run-up to the U.S. election, contributing to overall economic uncertainty. "As we wait for these headwinds to abate, we will continue to focus on what we can control, operating our facilities safely, servicing our customers and positioning ourselves to best capture market opportunities as they arise, all while executing the completion of construction and commissioning of the electric arc furnaces," Garcia said.
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