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Bullboard - Stock Discussion Forum PyroGenesis Inc T.PYR

Alternate Symbol(s):  PYRGF

PyroGenesis Inc., formerly PyroGenesis Canada Inc., is a Canada-based high-tech company. The Company is engaged in the design, development, manufacture and commercialization of advanced plasma processes and sustainable solutions which reduce greenhouse gases (GHG). The Company has created proprietary, patented and advanced plasma technologies that are used in four markets: iron ore... see more

TSX:PYR - Post Discussion

PyroGenesis Inc > Algoma Steel Secures Iron Ore Supply
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Post by ScienceFirst on Jul 05, 2021 6:50pm

Algoma Steel Secures Iron Ore Supply

No matter if we are behind today's news, one thing is sure is that we could have Algoma as a potential Client because it produces iron ore pellets.  So it could be a candidate.

May 15, 2020 - 

Algoma Steel Secures Iron Ore Supply



SAULT STE. MARIEOnt. — Algoma Steel Inc. (Algoma Steel) announced today they have signed a new four-year iron ore pellet purchase agreement with United States Steel Corporation. The contract replaces contracts that expire at the end of this year and provides Algoma Steel with surety of supply of quality iron ore pellets through to the close of the 2024 shipping season.

Algoma Steel CEO Michael McQuade remarked on the agreement, “This contract provides Algoma Steel with a competitive iron ore supply that will sustain our business through the steel market cycle.”

About Algoma Steel Inc.:

Based in Sault Ste. Marie, Ont. Algoma Steel Inc. is a fully integrated steel producer of hot and cold rolled steel products including sheet and plate. With a production capacity of an estimated 2.8 million tons per year, Algoma Steel’s size and diverse capabilities enable it to deliver responsive, customer-driven product solutions straight from the ladle to direct applications in the automotive, construction, energy, defense, and manufacturing sectors.


July 2020 - 

 

PyroGenesis Canada Inc enters into discussions with major steel industry player to sell plasma torches for iron ore pelletization 

PyroGenesis Canada Inc (CVE:PYR) (OTCQB:PYRNF) told shareholders Thursday that it is in discussions with a major steel company to sell plasma torches that help produce iron ore pellets.

In a statement, the Montreal-based technology company said there was a “high probability” that the client would bypass the modelling phase.

___________________________________


July 5, 2021

Ottawa invests $420M to transition Algoma Steel into electric arc technology - Sault Ste. Marie News (sootoday.com)
Comment by Chrisgodfrey202 on Jul 05, 2021 7:09pm
Algoma used to mine ore in Wawa however I believe that mine is closed.  They are now dependant on ore from Minesota through US Steel.   US steel is a potential customer.  It may be at some future date plasma will become the heat source for blast furnaces and steel making but that doesnt seem to be on the table yet.
Comment by ScienceFirst on Jul 05, 2021 7:22pm
Mad bad in my previous post.  Algoma buys pellets from this US player.  So this US player could then be a potential Client for PYR Algoma Steel will buy MinnTac pellets through 2024 | Duluth News Tribune U.S. Steel's Minntac iron ore mine and pellet plant in Mountain Iron will supply Ontario-based steelmaker Algoma Steel with pellets through 2024, the companies said in news ...more  
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