RE:Algoma Steel does not recycle scrap metalPlease explain how do you melt the pallets to make steel?
You need a or multiple furnce to melt the pallets to make steel and melt the scrap metals. My understanding you combine the melted pallets and melted scrap metals to make steel. Can somebody from Steel Industires confirm or explain the process to make steel.
Bigger question is how do you reduce GHG? Alogma CEO on BNN last week indicated 70% GHG reduction on the new steel makeing process. Electric Torch is the only solution to reduce GHG. Just look at the report from Sweden on the performace of electric Torch from Pyro.
Do you think Canadian Governemnt will give Algoma $400 million to buy equipment from other countries. This is the Canadian Tax payers money and the Government want to create jobs in Canada, plus help the environment.
Also, just remember, Prime Minister Justin and Paul Martin visited Pyro Industires few years back. They know the that Pyro has the technology for the environment and plus this maybe payback to Pyro and Montreal area Industrial development for creating jobs.
I am not a pumper tor Pyro, I am just an investor like anybody else. I am just kepping track of potential revenue Pyro will have next 24 months. I think this helps all of us on the board for a constructive discussion.