So far, 47 local suppliers have been paid $52.2 million for their work on the most costly construction job in Sault history
Of the $341 million that Algoma Steel has spent so far on its high-tech transition to electric arc steelmaking, more than 15 per cent has gone to local businesses.That money has gone to 47 local suppliers, according to information released by the company to SooToday.
An estimated 500 local construction workers are employed on the project, which is expected to ultimately cost between $828 million and $878 million, making it the most expensive building project in Sault Ste. Marie's history.One local company involved in a big way is SIS Manufacturing, which has been tasked with fabricating structural beams and girders.Italy-based Danieli & C. Officine Meccaniche S.p.A. is retained as sole technology provider for the electric arc furnaces.
GE Gas Power, a General Electric company, has been awarded a contract to upgrade Algoma's natural gas combined cycle power plant, including installation of two gas turbine packages. Electric arc steelmaking produces steel by melting scrap metal and other metallic materials using an electric arc.
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