SAULT STE. MARIE, Ontario - Algoma Steel Group Inc (NASDAQ:ASTL). (NASDAQ: ASTL; TSX: ASTL), a prominent Canadian steel manufacturer, has reported an incident at its north casthouse of the blast furnace complex. On Wednesday evening, the company believes slag came into contact with moisture, resulting in an incident that affected twelve workers. Five individuals required medical treatment at Sault Area Hospital and have since been released.
Michael Garcia, CEO of Algoma, stated, "The hazards associated with working with molten metal are well known to us, and we have comprehensive training and procedures to ensure the safety of our operations." He confirmed that an investigation is underway to fully understand the circumstances of the incident. Garcia emphasized that the health and safety of employees are the company's foremost concerns and expressed gratitude for the prompt response of emergency services.
Despite the incident, Algoma Steel has assured that their blast furnace recovery process has not been impacted and that the return to full production is proceeding as planned. This update follows a previous disruption on January 20, when a structure supporting utilities piping collapsed, causing issues at the blast furnace. Algoma is progressing with repair work and a comprehensive investigation into the January event.
Algoma Steel, headquartered in Sault Ste. Marie, is an integrated producer of hot and cold rolled steel products and is the sole manufacturer of discrete plate products in Canada. The company is currently modernizing its plate mill and transitioning to electric arc furnace technology, which aligns with its commitment to environmental sustainability and reduced carbon emissions.
The information in this article is based on a press release statement from Algoma Steel.
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